Cattle Current Podcast—Nov. 10, 2022

Cattle Current Podcast—Nov. 10, 2022

Negotiated cash fed cattle trade was slow on light demand through Wednesday afternoon, according to the Agricultural Marketing Service.

Live prices were steady to $1 higher in the Texas Panhandle at $150.00/cwt. and steady in Kansas at $150.

Last week, live prices were $153 in Nebraska and the western Corn Belt. Dressed prices were $242 in Nebraska and $240-$242 in the western Corn Belt.

Choice Boxed beef cutout value was 27¢ lower Wednesday afternoon at $264.67/cwt. Select was 83¢ lower at $235.22/cwt.

Lower outside markets helped pressure Cattle futures on Wednesday.

Feeder Cattle futures closed an average of 24¢ lower, except for an average of 11¢ higher in the back two contracts.

Live Cattle futures closed an average of 49¢ lower (20¢ to $1.47 lower).

Corn futures closed mostly 3¢ to 5¢ lower.

Soybean futures closed mostly 3¢ to 5¢ higher through Jly ‘23 and then mostly fractionally lower to 1¢ lower.

2022-11-09T19:47:11-06:00

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