Cattle Current Podcast—Jan. 24, 2024

Cattle Current Podcast—Jan. 24, 2024

Cattle futures bounced higher Tuesday with support from stronger wholesale beef values. Feeder Cattle were also buoyed by hefty cash trade.

Feeder Cattle futures closed an average of $1.87 higher ($1.47 to $2.37 higher).

Live Cattle futures closed an average of 63¢ higher.

Choice boxed beef cutout value was $2.99 higher Tuesday afternoon at 301.66/cwt., the highest level since the first part of November. Select was $1.80 higher at $288.38/cwt.

Negotiated cash fed cattle trade was at a standstill through Tuesday afternoon, according to the Agricultural Marketing Service.

FOB live prices last week were $173.50/cwt. in the Texas Panhandle, $173 in Kansas $173 in Nebraska and $175 in the western Corn Belt. Dressed delivered prices were $273-$274.

Soybean futures closed mostly 8¢ to 15¢ higher through Sep ’25 and then 6¢ higher with chatter about softer South American production.

Corn futures closed fractionally higher to 1¢ higher.

KC HRW Wheat futures closed mostly 4¢ to 5¢ higher.

2024-01-23T19:16:16-06:00

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This Sliding Bar can be switched on or off in theme options, and can take any widget you throw at it or even fill it with your custom HTML Code. Its perfect for grabbing the attention of your viewers. Choose between 1, 2, 3 or 4 columns, set the background color, widget divider color, activate transparency, a top border or fully disable it on desktop and mobile.