Cattle Current Podcast—June 19, 2019

Cattle Current Podcast—June 19, 2019

Cattle futures mostly maintained and extended gains from the previous session on Tuesday, buoyed by a breather in the Corn rally and higher outside markets.

Except for unchanged and 7¢ lower in the front two contracts, Live Cattle futures closed an average of 71¢ higher.

Feeder Cattle futures closed an average of 75¢ higher (32¢ up front to $1.27 higher at the back).

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

Choice boxed beef cutout value was $1.29 lower Tuesday afternoon at $220.53/cwt. Select was 71¢ lower at $201.80.

Corn futures closed mostly 4¢ to 6¢ lower through Sep ‘20 and then mostly fractionally mixed.

Soybean futures closed fractionally higher to 1¢ higher through Mar ‘20 and then fractionally lower to 1¢ lower.

2019-06-18T18:30:06-06:00

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