Cattle Current Podcast-July 6

Cattle Current Podcast-July 6

Cash fed cattle prices opened the week’s trade lower on Wednesday.

The weighted average price at the weekly Fed Cattle Exchange Auction was $117.75/cwt. on 92 head for 1-9 day delivery compared to $119.51 a week earlier. Another 337 head sold for delivery $117.25 (delivery 17-30 days). About 20% sold of the 2,093 head offered.

Country trade followed suit with early sales in Nebraska $1 less than the bulk of the previous week’s trade at $117.

Live Cattle futures closed an average of $1.72 lower ($1.35 to $2.20 lower).

Feeder Cattle futures closed an average of $3.05 lower ($1.47 to $3.87 lower).

Choice boxed beef cutout value was 31¢ lower Wednesday afternoon at $222.58/cwt. Select was $2.13 lower at $205.32.

2017-07-05T18:33:52-05:00

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