Cattle Current Podcast—Mar. 31, 2020

Cattle Current Podcast—Mar. 31, 2020

Cattle futures showed signs of support early but ended mostly lower on Monday.

After $1.75 lower in spot Apr, Live Cattle futures closed narrowly mixed , from 52¢ lower to 17¢ higher.

Feeder Cattle futures closed an average of 74¢ lower (2¢ lower toward the front to $2.27 lower at the back).

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

Choice boxed beef cutout value was $1.87 lower Monday afternoon at $250.97/cwt. Select was $4.24 lower at $238.14.

Corn futures closed mostly 3¢ to 4¢ lower.

After fractionally higher to 1¢ higher in the front three contracts, Soybean futures closed mostly 5¢ to 8¢ lower.

The USDA Grain Stocks and Prospective Plantings reports are scheduled to be released Tuesday morning.

2020-03-30T19:50:17-05:00

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