Cattle Current Podcast—Sept. 30, 2019

Cattle Current Podcast—Sept. 30, 2019

Negotiated cash fed cattle prices made solid gains for the week, with live prices $2 higher in the Southern Plains at $103/cwt., $4-$5 higher in the Northern Plains at $106-$107 and $1-$5 higher in the western Corn Belt at $104-$105. Dressed trade was steady to $5 higher at mostly $165.

Cattle futures continued higher on Friday, supported by stronger fed cattle prices and apparent commercial interest.

Except for 10¢ lower in the back contract, Live Cattle futures closed an average of $1.09 higher, (27¢ to $2.07 higher).

Except for $2.00 lower in newly minted away Sep, Feeder Cattle futures closed an average of $1.21 higher.

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

Choice boxed beef cutout value was 93¢ lower Friday afternoon at $212.58/cwt. Select was 53¢ lower at $189.86.

Corn futures closed 1¢ lower.

Soybean futures closed fractionally mostly 3¢ to 5¢ lower. 

2019-09-29T17:46:11-06:00

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