Cattle Current Podcast—March 28, 2023

Cattle Current Podcast—March 28, 2023

Whether it was oversold conditions or grass fever, Cattle futures found firm traction amid active trade to start the week.

Feeder Cattle futures closed an average of $2.80 higher ($2.42 to $3.82 higher).

Live Cattle futures closed an average of $1.89 higher ($1.45 to $2.27 higher).

Negotiated cash fed cattle trade was at a standstill in all regions through Monday afternoon, according to the Agricultural Marketing Service.

Last week, live prices were $1 lower in the Southern Plains at $163/cwt., steady to $1 higher in Nebraska at $164-$165 and steady to $2 higher in the western Corn Belt at $164-$166. Dressed prices were $1 higher at $265.

The five-area direct weighted average fed steer price last week was 17¢ higher on a live basis at $164.41/cwt. The average fed steer price in the beef was $1.24 higher at $265.06.

Choice boxed beef cutout value was 48¢ higher Monday afternoon at $280.36/cwt. Select was 97¢ higher at $269.72/cwt.

Grain and Soybeans futures continued higher Monday with less skittish outside markets and perhaps some early positioning ahead of Friday’s stocks and planting intentions reports.

Corn futures closed 5¢ to 9¢ higher through Jly ‘24 and then mostly 1¢ to 2¢ higher.

KC HRW Wheat closed 11¢ to 13¢ higher.

Soybean futures closed mostly 12¢ to 15¢ higher.

2023-03-27T18:00:29-05:00

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This Sliding Bar can be switched on or off in theme options, and can take any widget you throw at it or even fill it with your custom HTML Code. Its perfect for grabbing the attention of your viewers. Choose between 1, 2, 3 or 4 columns, set the background color, widget divider color, activate transparency, a top border or fully disable it on desktop and mobile.