Cattle Current Podcast—Sept. 10, 2019

Cattle Current Podcast—Sept. 10, 2019

Although there was no negotiated cash fed cattle trade reported by USDA through Monday afternoon, other sources reported live trade breaking out in various regions at $96-$97/cwt., another step lower from last week’s slide.

The average 5-area direct price for steers last week was $3.86 lower on a live basis at $101.73/cwt., according to USDA. The average dressed steer price was $5.69 lower at $165.83.

After attempts for stability early in the session, Live Cattle futures lost ground, while Feeder Cattle remained under pressure.

Live Cattle futures closed mixed, from an average of 39¢ lower (six contracts) to an average of 13¢ higher, with heavy trade and expanding open interest.

Except for 52¢ and 20¢ lower on either end of the board, Feeder Cattle futures closed an average of $1.15 lower.

Wholesale beef values were steady to weak on light to moderate demand and moderate to heavy offerings, according to the Agricultural Marketing Service.

Choice boxed beef cutout value was 36¢ lower Monday afternoon at $226.95/cwt. Select was 2¢ lower at $201.92.

Corn futures closed 1¢ lower through Mar ’20 and then mostly fractionally higher. 

Soybean futures closed mostly unchanged to fractionally higher across the front half of the board and then mostly 3¢ higher.

2019-09-09T20:34:26-06:00

This Is A Custom Widget

This Sliding Bar can be switched on or off in theme options, and can take any widget you throw at it or even fill it with your custom HTML Code. Its perfect for grabbing the attention of your viewers. Choose between 1, 2, 3 or 4 columns, set the background color, widget divider color, activate transparency, a top border or fully disable it on desktop and mobile.

This Is A Custom Widget

This Sliding Bar can be switched on or off in theme options, and can take any widget you throw at it or even fill it with your custom HTML Code. Its perfect for grabbing the attention of your viewers. Choose between 1, 2, 3 or 4 columns, set the background color, widget divider color, activate transparency, a top border or fully disable it on desktop and mobile.

This Is A Custom Widget

This Sliding Bar can be switched on or off in theme options, and can take any widget you throw at it or even fill it with your custom HTML Code. Its perfect for grabbing the attention of your viewers. Choose between 1, 2, 3 or 4 columns, set the background color, widget divider color, activate transparency, a top border or fully disable it on desktop and mobile.

This Is A Custom Widget

This Sliding Bar can be switched on or off in theme options, and can take any widget you throw at it or even fill it with your custom HTML Code. Its perfect for grabbing the attention of your viewers. Choose between 1, 2, 3 or 4 columns, set the background color, widget divider color, activate transparency, a top border or fully disable it on desktop and mobile.