Cattle Current Podcast-May 8, 2018

Although still range-bound, cattle futures closed solidly lower on Monday. More than anything, sluggish trade seems to indicate uncertainty, including ongoing trade talks, the higher U.S. dollar, looming increased fed cattle supplies and wonderments about how many cattle drought could force to town (see below).

Live Cattle futures closed an average of 98¢ lower (25¢ to $1.35 lower).

Feeder Cattle futures closed an average of $1.97 lower (75¢ to $2.77 lower).

Choice boxed beef cutout value was 84¢ higher Monday afternoon at $229.14/cwt. Select was $1.71 higher at $211.20.