Cattle Current Podcast-September 13

Cattle Current Podcast-September 13

Steep declines in nearby Lean Hog futures, pressure in the corn market and continued skittishness over near-term supply and demand helped pressure Live Cattle futures on Tuesday, leading Feeder Cattle lower, too.

Other than 17¢ and 25¢ higher at the back of the board, Live Cattle futures closed an average of 81¢ lower (35¢ to $1.32 lower).

Feeder Cattle futures closed an average of 42¢ lower.

Choice boxed beef cutout value was 77¢ lower Tuesday afternoon at $190.79/cwt. Select was 48¢ higher at $190.86. You read those prices correctly, the Choice-Select spread turned negative. If my records are right, that’s the first time since January in 2014.

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2017-09-12T18:49:03-05:00
Copyright 2017 Cattle Current | All Rights Reserved
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