Cattle Current Podcast—March 16, 2022

Cattle Current Podcast—March 16, 2022

Kansas City Wheat futures charged higher 47¢ to 53¢ in old-crop contracts. Corn futures closed mostly 1¢ to 2¢ lower, though, and Soybean futures closed 9¢ to 14¢ lower through Sep ‘23.

That helped Cattle futures hold on to most of the previous session’s strong gains.

Feeder Cattle futures closed mixed from an average of 33¢ lower to an average of 25¢ higher.

Live Cattle futures closed unchanged to an average of 47¢ higher, from (2¢ to $1.10 higher).

Wholesale beef prices continued to show signs of the seasonal bloom. Choice Boxed beef cutout value was $2.39 higher Tuesday afternoon at $257.90/cwt. Select was $1.10 lower at $248.84.

Negotiated cash fed cattle trade remained stuck at the gate.

Live prices last week were at $138/cwt. in the Southern Plains and Nebraska and at $138-$140 in the western Corn Belt. Dressed prices were $220 in Nebraska and $219-$222 in the western Corn Belt.

2022-03-15T19:22:24-05:00

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