Cattle Current Podcast—May 29, 2020

Cattle Current Podcast—May 29, 2020

Negotiated cash fed cattle sales were mixed on a live basis Thursday, compared to last week: steady in Nebraska at $119-$120/cwt., steady to $1 higher in the western Corn Belt at $115; steady to $5 lower in the Southern Plains at $115-$120. Dressed prices were steady to $12 lower at $178-$190.

Cattle futures closed mixed but mainly higher Thursday, bouncing back from early pressure.

Live Cattle futures closed an average of 32¢ higher, except for 5¢ and 67¢ lower in near and away Oct, respectively.

Feeder Cattle futures closed mixed, an average of 99¢ higher across the front half of the board (45¢ higher to $1.47 higher in spot Aug) to an average 12¢ lower across the back half.

Choice boxed beef cutout value was $8.21 lower Thursday afternoon at $369.56/cwt. Select was $6.11 lower at $344.09.

Corn futures closed 5¢ to 7¢ higher through May ’21 and then mostly 4¢ higher.

Soybean futures closed mostly fractionally lower.

2020-05-28T18:57:06-05:00

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