Cattle Current Podcast—Jan, 12, 2022

Cattle Current Podcast—Jan, 12, 2022

Negotiated cash fed cattle trade was very limited on light demand in the Southern Plains through Tuesday afternoon. Early live sales were mostly $1 lower in the Texas Panhandle at $137/cwt. and mostly $1-$3 lower in Kansas at $135-$137. 

Trade was mostly inactive on light demand in Nebraska and the western Corn Belt. Prices in those regions last week were $138-$140 on a live basis and $220 in the beef.

Choice Boxed beef cutout value was $2.18 higher Tuesday afternoon at $278.22/cwt. Select was $2.13 higher at $268.63.

Cattle futures found some traction Tuesday with support from higher outside markets and healthier looking packer processing, for a day at least.

Feeder Cattle futures closed an average of 57¢ higher (10¢ to $1.15 higher), except for 67¢ lower in the back contract.

Live Cattle futures closed an average of 52¢ higher (12¢ to $1.42 higher), except for 5¢ lower toward the back.

Corn and Soybean futures paddled in place ahead of Wednesday’s World Agricultural Supply and Demand Estimates.

Soybean futures closed mostly unchanged to fractionally mixed after 1¢ to 2¢ higher in the front four contracts.

Corn futures closed mostly fractionally mixed.

2022-01-11T20:09:40-05:00

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