Cattle Current Podcast—Nov. 25 and 26, 2021

Cattle Current Podcast—Nov. 25 and 26, 2021

Negotiated cash fed cattle prices are soaring. So far this week, live prices in the Southern Plains are $7 higher at $140/cwt., $4-$6 higher in Nebraska at $138-$139 and $4 higher in the western Corn Belt at $136-$138. Trade through Wednesday afternoon was moderate with good demand in the Southern Plains and Nebraska, according to the Agricultural Marketing Service.

Live prices in Colorado last week were at $132-$135. Dressed prices last week were at $210.

Cash bullishness added fuel to the rally in Cattle futures.

Feeder Cattle futures closed an average of $1.60 higher ($1.07 higher at the back to $2.55 higher in spot Jan).

Live Cattle futures closed an average of $1.09 higher, (37¢ higher toward the back to $2.50 higher in spot Dec).

Choice boxed beef cutout value was 47¢ higher Wednesday afternoon at $279.11/cwt. Select was 80¢ higher at $263.47/cwt.

Corn futures closed mostly 1¢ to 2¢ lower.

Soybean futures closed 6¢ to 7¢ lower through the front five contracts and then mostly 2¢ to 3¢ higher.

2021-11-24T19:51:32-06:00

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