Cattle Current Podcast—March 23, 2023

Cattle Current Podcast—March 23, 2023

Negotiated cash fed cattle trade was moderate to active on good demand in the Southern Plains through Wednesday afternoon, according to the Agricultural Market Service, with live prices $1 lower at $163/cwt.

Trade was moderate on good demand in Nebraska where live prices were steady at $164 and dressed prices were $1 higher at $265.

In the western Corn Belt, trade was slow on moderate demand. Although too few to trend, early live sales were $165.00-$165.50 and early dressed sales were $265. Prices there last week were $164-$165 and mostly $264, respectively.

Choice boxed beef cutout value was $1.38 higher Wednesday afternoon at $281.30/cwt. Select was $1.73 lower at $269.82/cwt.

Futures traders continued their commodities selling mode Wednesday with bearish outside markets.

Feeder Cattle futures closed an average of 51¢ lower.

Live Cattle futures closed an average of 39¢ lower.

Corn futures closed mostly 1¢ to 3¢ lower through Jly ‘24 and then mostly fractionally higher.

KC HRW Wheat closed 7¢ to 12¢ lower.

Soybean futures closed mostly 18¢ to 25¢ lower.

2023-03-22T18:48:21-05:00

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