Cattle Current Podcast—Nov. 24, 2021

Cattle Current Podcast—Nov. 24, 2021

Negotiated cash fed cattle trade ranged from slow on light demand in the Southern Plains to limited on light demand in other regions through Tuesday afternoon, according to the Agricultural Marketing Service. Although there were too few transactions to trend, early live sales were $3 higher in the Southern Plains at $136/cwt.

Prices last week were at $133 in the Southern Plains, $133-$134 in Nebraska, $132-$135 in Colorado and $132-$134 in the western Corn Belt. Dressed trade was at $210.

Cattle futures continued to gain ground Tuesday with recent cash strength and the likelihood of another step forward this week.

Feeder Cattle futures closed an average of $1.46 higher.

Live Cattle futures closed an average of 68¢ higher, from 37¢ to $1.22 higher.

Choice boxed beef cutout value was 61¢ lower Tuesday afternoon at $278.64/cwt. Select was $1.06 lower at $262.67/cwt.

2021-11-23T18:28:57-06:00

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