Cattle Current Podcast—March 30, 2023

Cattle Current Podcast—March 30, 2023

Cattle futures took another step higher Wednesday, helped along by more positive outside markets.

Feeder Cattle futures closed an average of $1.48 higher, except for 27¢ lower in expiring spot Mar.

Live Cattle futures closed an average of 68¢ higher (27¢ to 95¢ higher).

Negotiated cash fed cattle trade ranged from mostly inactive on very light demand to a standstill in all regions through Wednesday afternoon, according to the Agricultural Marketing Service.

Last week, live prices were $163/cwt. in the Southern Plains, $164-$165 in Nebraska and $164-$166 in the western Corn Belt. Dressed prices were $265.

Choice boxed beef cutout value was 34¢ lower Wednesday afternoon at $280.29/cwt. Select was $1.46 lower at $268.90/cwt.

Corn futures closed mostly 1¢ lower, except for 3¢ higher and 1¢ higher in the front two contracts.

KC HRW Wheat closed 2¢ to 15¢ lower.

Soybean futures closed 4¢ to 9¢ higher in the front three contracts, and then mostly 2¢ to 5¢ lower.

2023-03-29T19:32:29-05:00

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