Cattle Current Podcast—Sept. 10, 2021

Cattle Current Podcast—Sept. 10, 2021

Negotiated cash fed cattle trade was slow on light demand in Nebraska through Thursday afternoon. Although there were too few transactions to trend, there was some live trade at $124-$125/cwt. and some in the beef at $198. The previous day, established trend was as $126 and $203, respectively.

Trade was limited on light demand in Kansas with a few live sales steady with the previous day at $123.

Trade was limited on light demand in the western Corn Belt. Live prices the previous day were at $124-$125; $203 dressed.

Trade was at a standstill in the Texas Panhandle. Live prices the previous day were at $123-$124.

Cattle futures offered hope again early in yesterday’s session but closed lower yet again, except for front-month Live Cattle.

Feeder Cattle futures closed an average of 69¢ lower (2¢ lower toward the front to $1.28 lower at the back).

Live Cattle futures closed an average of 51¢ lower, except for 2¢ to 65¢ higher in the front three contracts.

Choice boxed beef cutout value was $2.28 lower Thursday afternoon at $332.58/cwt. Select was $1.72 lower at $296.45.

Corn futures closed mostly 2¢ to 5¢ lower.

Soybean futures closed 7¢ to 12¢ lower with most of the pressure in new-crop contracts.

2021-09-09T20:58:18-05:00

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