Cattle Current Podcast—Oct. 30, 2019

Cattle Current Podcast—Oct. 30, 2019

Cattle futures closed mixed Tuesday, with modest pressure likely stemming from technicals, as well as near month-end and contract-end jockeying.

Live Cattle futures closed mixed, from an average of 25¢ higher across the front half of the board to an average of 27¢ lower.

Other than 2¢ higher in spot October and unchanged in Jan, Feeder Cattle futures closed an average of 30¢ lower amid sluggish trade.

Wholesale beef values were sharply higher on good demand and moderate to heavy offerings, according to the Agricultural Marketing Service.

Choice boxed beef cutout value was $2.65 higher Tuesday afternoon at $230.55/cwt. Select was $2.81 higher at $203.57.

Corn futures closed mostly fractionally higher to 1¢ higher.

Soybean futures closed fractionally lower to 2¢ lower through Jul ’20 and then fractionally higher to 2¢ higher. 

2019-10-29T18:54:36-06:00

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