Cattle Current Podcast—Oct. 4, 2021

Cattle Current Podcast—Oct. 4, 2021

Negotiated cash fed cattle trade was limited on light demand in Nebraska and the Western Corn Belt through Friday afternoon, according to the Agricultural Marketing Service. There were a few live sales at $122/cwt., however not enough in either region for a full market trend. Trading was at a standstill in the Southern Plains. 

Live prices last week were steady in the Texas Panhandle at $124/cwt., steady to $1 lower in Kansas at $123-$124, $2 lower in Nebraska at $122 and steady to $1 lower in the western Corn Belt at $122-$123. Dressed prices were $2 lower in Nebraska at $196 and steady to $1 lower in the western Corn Belt at $192-$196.

Cattle futures ended the week mixed as traders continued to position for the new month. Conditions remain as oversold as buyer interest is limited.

Feeder Cattle futures closed mixed from an average of 66¢ lower in four contracts (7¢ to $1.95 lower) to an average of 57¢ higher (20¢ to $1.95 higher).

Live Cattle futures closed mixed, an average of 38¢ lower through the front four contracts to an average of 21¢ higher in the back four contracts.

Choice boxed beef cutout value was $2.62 lower at $292.36/cwt. Select was $4.48 lower at $264.84/cwt.

Corn futures closed mostly 6¢ to 9¢ higher.

Soybean futures closed 6¢ to 9¢ lower in the front four contracts, 3¢ to 5¢ lower through Jan ’23 and then mostly 1¢ lower to fractionally higher.

2021-10-03T19:32:32-06:00

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