Cattle Current Podcast—Oct. 10, 2023

Cattle Current Podcast—Oct. 10, 2023

Cattle futures closed lower Monday, hamstrung by more negative outside markets, this time tied to war between Israel and Hamas.

Feeder Cattle futures closed an average of $1.68 lower.

Live Cattle futures closed an average of $1.07 lower.

Negotiated cash fed cattle trade ranged from inactive on very light demand to a standstill through Monday afternoon, with too few transactions to trend, according to the Agricultural Marketing Service.

Last week, FOB live prices were $1 lower in the Southern Plains at $182/cwt. and $1 lower in the north at $183. Dressed delivered prices were steady to $2 lower at $288-$290.

Choice boxed beef cutout value was $1.41 higher Monday afternoon at $303.42/cwt. Select was $1.72 higher at $277.50/cwt.

Corn and Soybean futures closed lower on harvest pressure.

Corn futures closed 1¢ to 3¢ lower.

Soybean futures closed mostly 4¢ to 6¢ lower.

KC HRW Wheat closed mostly 12¢ higher on geopolitical risk.

2023-10-09T19:43:00-06:00

This Is A Custom Widget

This Sliding Bar can be switched on or off in theme options, and can take any widget you throw at it or even fill it with your custom HTML Code. Its perfect for grabbing the attention of your viewers. Choose between 1, 2, 3 or 4 columns, set the background color, widget divider color, activate transparency, a top border or fully disable it on desktop and mobile.

This Is A Custom Widget

This Sliding Bar can be switched on or off in theme options, and can take any widget you throw at it or even fill it with your custom HTML Code. Its perfect for grabbing the attention of your viewers. Choose between 1, 2, 3 or 4 columns, set the background color, widget divider color, activate transparency, a top border or fully disable it on desktop and mobile.

This Is A Custom Widget

This Sliding Bar can be switched on or off in theme options, and can take any widget you throw at it or even fill it with your custom HTML Code. Its perfect for grabbing the attention of your viewers. Choose between 1, 2, 3 or 4 columns, set the background color, widget divider color, activate transparency, a top border or fully disable it on desktop and mobile.

This Is A Custom Widget

This Sliding Bar can be switched on or off in theme options, and can take any widget you throw at it or even fill it with your custom HTML Code. Its perfect for grabbing the attention of your viewers. Choose between 1, 2, 3 or 4 columns, set the background color, widget divider color, activate transparency, a top border or fully disable it on desktop and mobile.