Cattle Current Podcast—May 11, 2020

Cattle Current Podcast—May 11, 2020

Negotiated cash fed cattle trade ended the week on a decidedly upbeat note. Live sales in the Southern Plains were at $115/cwt., which was $5 more than earlier in the week and $10-$20 higher than the previous week. Live sales in Nebraska were $19-$20 higher than the previous week at $114-$115. Live sales in the western Corn Belt were mainly $3-$10 higher than the previous week at mostly $103; dressed sales there were $20-$30 higher at mostly $180.

Cattle futures closed lower Friday on likely profit taking, but still significantly higher week to week.

Live Cattle futures closed an average of 84¢ lower to an average of 44¢ higher.

Feeder Cattle futures closed an average of 95¢ lower (65¢ lower to $2.37 lower in spot May).

Choice boxed beef cutout value was $2.34 higher Friday afternoon at $460.88/cwt. Select was 42¢ higher at $448.99.

Corn futures closed mostly 1¢ to 2¢ higher.

Soybean futures closed mostly 6¢ to 7¢ higher.

2020-05-09T18:06:50-05:00

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