It took all week, and then some, but cash fed cattle trade ended up moderate on moderate demand in all major cattle feeding regions late on Friday. Prices were steady to $2 higher on a live basis at $108/cwt. in the western Corn belt, to $109 in the Southern Plains, to $110 in Colorado; as high as $110.50 in Nebraska. Dressed trade was steady to $2 higher at $172-$174.
Cattle futures mostly treaded water to start the week, amid sluggish trade tied to
Columbus Day, which was a holiday for some.
Except for unchanged in Dec and 2¢ lower in April, Live Cattle futures closed an average of 34¢ higher (7¢ to 55¢ higher).
Feeder Cattle futures closed narrowly mixed but mostly marginally higher (25¢ lower to 25¢ higher).
Choice boxed beef cutout value was 91¢ higher Monday afternoon at $198.13/cwt. Select was $1.43 higher at $188.66.
Podcast: Play in new window | Download
Subscribe: Apple Podcasts | Android | RSS | More