Cattle Current Podcast—Nov. 22, 2019

Cattle Current Podcast—Nov. 22, 2019

For the week so far, negotiated cash fed cattle trade is mainly $1 higher on a live basis at $116/cwt. in the Southern Plains and at $115-$117 up north. Dressed trade is $2 higher at $184.

Cattle futures closed lower Thursday, though, especially Feeder Cattle, as wholesale beef values show signs of seasonal weakening, and ahead of Friday’s Cattle on Feed report.

Other than 2¢ higher in spot Dec, Live Cattle futures closed an average of 49¢ lower

Feeder Cattle futures closed an average of $1.18 lower.

Wholesale beef values were sharply lower on light demand and moderate offerings, according to the Agricultural Marketing Service.

Choice boxed beef cutout value was $3.35 lower Thursday afternoon at $234.86/cwt. Select was 91¢ lower at $213.86.

Corn futures closed mostly fractionally higher to 1¢ higher.

Soybean futures closed 1¢ to 4¢ lower.

2019-11-21T19:15:19-06:00

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