Cattle Current Podcast—Sept. 21, 2020

Cattle Current Podcast—Sept. 21, 2020

Negotiated cash fed cattle trade continued higher on Friday with dressed trade in Nebraska at $165/cwt., which was $2 higher than earlier in the week and $4-$5 higher than the prior week. Dressed trade was $2-$3 higher in the western Corn Belt at $163.

Live sales for the week ended up $1.50-$2.00 higher in the Southern Plains at $103.00-$103.50, $2.50 higher in Nebraska at $103.50 and $2-$4 higher in the western Corn Belt at $104-$105.

Stronger cash prices to end the week helped lift Cattle futures on Friday.

Live Cattle futures closed an average of 37¢ higher.

Except for 25¢ lower in the back contract, Feeder Cattle futures closed an average of 64¢ higher.

Choice boxed beef cutout value was 59¢ higher Friday afternoon at $215.64/cwt. Select was 55¢ higher at $203.94.

Corn futures closed 2¢ to 3¢ higher.

Soybean futures closed 9¢ to 15¢ higher through Aug ’21 and then mostly 1¢ to 4¢ higher.

2020-09-19T18:37:40-05:00

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