Cattle Current Podcast—March 3, 2022

Cattle Current Podcast—March 3, 2022

Feeder Cattle futures rebounded from some of the steep, recent losses Wednesday, helped along by static to lower Corn futures prices and sharply higher outside markets. Feeder Cattle futures closed an average of $2.44 higher ($2.02 to $3.20 higher.

Live Cattle futures closed an average of 71¢ higher, except for an average of 45¢ lower in the front three contracts. 

Corn futures closed mostly 8¢ to 16¢ lower.

Soybean futures closed 20¢ to 30¢ lower.

Negotiated cash fed cattle trade started the week $2 lower in the Southern Plains at $140/cwt. Trade was slow on light to moderate demand, according to the Agricultural Marketing Service.

Trade was limited on light demand in Nebraska with a few live trades at $140, but too few to trend. Live prices last week were $142-$144 and dressed prices were $227.

Trade was also limited on light demand in the western Corn Belt. Prices last week were $144 on a live basis and $227 in the beef.

Choice boxed beef cutout value was 96¢ lower Wednesday afternoon at $255.72/cwt. Select was 18¢ lower at $251.34.

2022-03-02T20:59:14-05:00

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