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.