Last week’s steady to higher cash fed cattle trade and firmer recent wholesale beef values helped push Live Cattle futures higher on Tuesday, sharply higher in the nearby contracts. Feeder Cattle futures closed a little higher, too, but shy of early support.
Live Cattle futures closed an average of $1.11 higher (65¢ to $2.27 higher in spot Oct).
Feeder Cattle futures closed an average of 55¢ higher (30¢ to 70¢ higher).
Choice boxed beef cutout value was 73¢ lower Tuesday afternoon at $197.40/cwt. Select was $1.36 higher at $190.02.
Podcast: Play in new window | Download
Subscribe: Apple Podcasts | Android | RSS | More