Cattle Current Podcast-November 29

Cattle Current Podcast-November 29

Indecision may be the most apt description of Cattle futures trade on Tuesday as traders tried to sort out how much upside there is to the current oversold status, compared to sluggish wholesale beef values and increasing cattle numbers.

Cattle futures closed narrowly mixed—a touch higher for Feeder Cattle and a touch lower for Live Cattle.

Except for 7¢ higher in the back contract, Live Cattle futures closed an average 22¢ lower.

Feeder Cattle futures closed an average of 28¢ higher.

Choice boxed beef cutout value was 94¢ lower Tuesday afternoon at $208.63/cwt. Select was 8¢ lower at $187.20.

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2017-11-28T21:08:55-05:00
Copyright 2017 Cattle Current | All Rights Reserved
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