Cattle Current Podcast—Jan. 27, 2020

Cattle Current Podcast—Jan. 27, 2020

Negotiated cash fed cattle trade ended up generally steady to firm last week, with live prices in the Southern Plains and Nebraska at $124/cwt. and at $124-$126 in the western Corn Belt. Dressed prices were at $199 in Nebraska and mostly $198-$199 in the western Corn Belt.

Cattle futures continued lower, to a lesser degree than the previous session, helped along by weaker outside markets.

Other than an average of 13¢ higher in three contracts, Live Cattle futures close an average of 24¢ lower.

Feeder Cattle futures closed an average of 69¢ lower. 

Wholesale beef values were weak to lower on light to moderate demand and moderate offerings, according to the Agricultural Marketing Service.

Choice boxed beef cutout value was 83¢ lower Friday afternoon at $214.49/cwt. Select was 50¢ lower at $210.70.

Corn futures closed mostly 3¢ to 5¢ lower.

Soybean futures closed mostly 5¢ to 8¢ lower through Nov ‘21 and then mostly 1¢ higher. 

2020-01-25T14:37:22-05:00

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