Cattle Current Podcast—Nov. 13, 2020

Cattle Current Podcast—Nov. 13, 2020

Negotiated cash fed cattle trade got off to a strong start in the north Thursday with live prices $3 higher in Nebraska at $110/cwt. and $3-$4  higher in the western Corn Belt at $108-$110. Dressed prices were $4 higher in Nebraska at $172 and $5-$8 higher in the western Corn Belt at $172.

Cattle futures closed narrowly mixed again Thursday with Feeder Cattle receiving some support from softer grain futures.

Live Cattle futures closed an average of 30¢ lower except for 5¢ higher in Aug.

Feeder Cattle futures closed an average of 47¢ higher, except for 52¢ lower in spot Nov.

Choice boxed beef cutout value was $3.66 higher Thursday afternoon at $226.50/cwt. Select was 22¢ lower at $208.24.

Corn futures closed mostly 4¢ to 9¢ lower through Sep ‘21, and then mostly 1¢ lower.

Soybean futures closed mostly 6¢ to 8¢ lower through Aug ‘21 and then mostly fractionally mixed. 

2020-11-12T20:02:25-06:00

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