Cattle Current Podcast—Nov. 19, 2019

Cattle Current Podcast—Nov. 19, 2019

Last week’s weighted average 5-area direct price for fed steers was 59¢ higher at $115.19/cwt. on a live basis and 68¢ higher in the beef at $181.72.

Cattle futures firmed to start the week, helped along by the Tyson announcement regarding the reopening of its Kansas plant (see below).

Other than 40¢ and 2¢ lower at either end of the board, Live Cattle futures closed an average of 32¢ higher. 

Feeder Cattle futures closed an average of 35¢ higher.

Wholesale beef values were lower on Choice and higher on Select with moderate demand and offerings, according to the Agricultural Marketing Service.

Choice boxed beef cutout value was $1.68 lower Monday afternoon at $239.12/cwt. Select was $1.26 higher at $215.59.

Corn futures closed mostly 2¢ to 3¢ lower.

Soybean futures closed mostly 6¢ to 8¢ lower Jul ’21 and then 4¢ lower.

2019-11-18T19:56:56-06:00

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