Cattle Current Podcast-Mar. 30, 2018

Cattle Current Podcast-Mar. 30, 2018

Surging futures prices for grains and soybeans—tied to USDA’s much-anticipated reports (see below)—and technical selling helped fuel aggressive selling in Cattle futures on Thursday.

Live Cattle futures closed an average of $2.46 lower ($1.70 to $3.00 lower).

Except for 37¢ lower in expiring Mar, Feeder Cattle futures closed an average of $4.17 lower.

Futures and equity markets will be closed in observance of Good Friday.

Choice boxed beef cutout value was 62¢ lower Thursday afternoon at $221.00/cwt. Select was $1.95 lower at $209.68.

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2018-03-29T19:17:43-05:00
Copyright 2017 Cattle Current | All Rights Reserved
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