Cattle Current Podcast-October 12

Cattle Current Podcast-October 12

Cash fed cattle trade for the week remained in neutral on Wednesday with cattle feeders growing more confident in the potential for higher prices.

Slaughter steers sold $2-$4/cwt. higher at Sioux Falls Regional Livestock in Worthing, SD yesterday. Slaughter heifers sold $2-$3 higher.

There were no sellers in the weekly Fed Cattle Exchange auction on Wednesday. Of the 1,444 head offered there were no sales, but several POs at $110.00-$110.75, which was the upper end of last week’s country trade.

Cattle futures closed little changed on Wednesday.

Live Cattle futures closed mostly 15¢ to 27¢ lower.         

Feeder Cattle futures closed mostly 12¢ to 47¢ lower.

Choice boxed beef cutout value was $1.08 lower Wednesday afternoon at $196.32/cwt. Select was $1.26 lower at $188.76.

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2017-10-11T19:03:43-05:00
Copyright 2017 Cattle Current | All Rights Reserved
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