Cattle Current Podcast—Oct. 11, 2021

Cattle Current Podcast—Oct. 11, 2021

Negotiated cash fed cattle trade ranged from a standstill to mostly inactive with light demand in all major feeding regions through Friday afternoon with too few transactions to trend, according to the Agricultural Marketing Service.

Live prices last week were steady in the Southern Plains at $122-$124/cwt. in Kansas and $124 in the Texas Panhandle. Prices were steady in the western Corn Belt at $122 but mostly steady to $2 higher in Nebraska at $122-$124. Dressed prices were $196, which was steady in Nebraska and toward the top of last week’s price range in the western Corn Belt.

Feeder Cattle futures closed an average of 39¢ lower as traders positioned for the weekend following the surge higher. Week to week on Friday, they closed an average of $5.17 higher.

Similarly, Live Cattle futures closed narrowly mixed from an average of 37¢ lower to an average of 17¢ higher. They closed an average of $3.92 week to week on Friday.

Choice boxed beef cutout value was $2.03 lower Friday afternoon at $283.27/cwt. Select was $1.74 lower at $262.74/cwt.

Corn futures closed mostly 1¢ to 3¢ lower.

Soybean futures closed mostly 4¢ to 7¢ lower.

2021-10-10T18:22:41-06:00

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