Cattle Current Podcast-October 3

Cattle futures closed lower on Monday, following limited early support. Presumably part of the pressure came from notions that cash fed cattle prices must move lower this week, although there are plenty of fundamental reasons to suggest the opposite, including aggressive feedlot marketings and wholesale beef values that seem to have turned the corner.

Live Cattle futures closed an average of $1.18 lower (87¢ to $1.82 lower).

Feeder Cattle futures closed $1.52 lower (95¢ to $2.40 lower).

Choice boxed beef cutout value was 60¢ higher Monday afternoon at $197.22/cwt. Select was 22¢ lower at $188.28.