Cattle Current Podcast—Oct. 6, 2021

Cattle Current Podcast—Oct. 6, 2021

Negotiated cash fed cattle trade was mostly inactive with light demand in all trading regions through Tuesday afternoon, according to the Agricultural Marketing Service. There were not enough sales for a market trend.

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

Cattle futures received follow-through support Tuesday amid continued oversold conditions and outside support.

Feeder Cattle futures closed an average of $1.37 higher (60¢ higher in Aug ’22 up to $1.85 in nearby Nov.

Live Cattle futures closed an average of 66¢ higher (20¢ at the front of the board to 95¢ at the back) except for nearby Dec, down 20¢.

Choice boxed beef cutout value was $1.47 lower Tuesday afternoon at $287.71/cwt. Select was $2.62 higher at $267.78/cwt.

Corn futures closed 2¢ to 4¢ lower.

Soybean futures closed 7¢ to 15¢ higher.

2021-10-05T20:27:22-06:00

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