Cattle Current Podcast-July 7

Cattle Current Podcast-July 7

Cash fed cattle trade ranged from steady to $2 lower Thursday at $117-$118/cwt. on slow trade and light demand.

Choice boxed beef cutout value was $2.53 lower Thursday afternoon at $220.05/cwt. Select was $1.56 lower at $203.76.

Despite that, short covering seemed to be the primary driver in Cattle futures.

Except for 30¢ higher in the back two contracts, Live Cattle futures closed an average of $1.00 higher (72¢ to $1.40 higher).

Except for 10¢ and 12¢ higher in the back two contracts, Feeder Cattle futures closed an average of $1.62 higher ($1.12 to $2.40 higher).

2017-07-06T20:09:48-05:00

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