Cattle Current Podcast—Oct. 10, 2024

Cattle Current Podcast—Oct. 10, 2024

Cattle futures were lower Wednesday, with overbought conditions and the lack of weekly cash direction.

Toward the close, Live Cattle futures were an average of 73¢ lower. Feeder Cattle futures were an average of $1.11 lower.

Negotiated cash fed cattle trade was slow on light demand in the western Corn Belt through Wednesday afternoon, according to the Agricultural Marketing Service. There were a few FOB live trades at $187/cwt., but too few to trend. Elsewhere, trade was at a standstill.

Last week, FOB live prices were $186 in the Southern Plains, $187 in Nebraska and $187-$188 in the western Corn Belt. Dressed delivered prices were $296.

Choice boxed beef cutout value was $1.34 higher Wednesday afternoon at $308.18/cwt. Select was 2¢ higher at $288.63.

Turning to grains, toward the close and through Sep ’25 contracts, Corn futures were fractionally mixed. Kansas City Wheat futures were 4¢ to 5¢ higher. Soybean futures were mostly 2¢ to 5¢ higher.

2024-10-09T20:26:06-06:00

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