Cattle Current Podcast-July 28

Cattle Current Podcast-July 28

Sluggish cash fed cattle on Thursday continued mainly $1-$3 lower than the previous week at $117-$118 on limited trade and light demand.

More than anything, it appeared that light trade enabled Cattle futures to shrug off early pressure to close higher.

Except for unchanged and 20¢ higher in the front two contracts, Live Cattle futures closed an average of 70¢ higher (42¢ to 90¢ higher).     

Feeder Cattle futures closed an average of $1.56 higher ($1.35 to $1.87 higher).

Choice boxed beef cutout value was 64¢ lower Thursday afternoon at $206.43/cwt. Select was $1.21 lower at $196.66.

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2017-07-27T18:44:12-05:00
Copyright 2017 Cattle Current | All Rights Reserved
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