Cattle Current Podcast—Feb. 20, 2024
Cattle Current Market Update with Wes Ishmael
English - February 20, 2024 01:30 - 6 minutes - 5.48 MB - ★★★★★ - 37 ratingsBusiness News Business News Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Futures and equity markets were closed Monday in observance of President's Day. Negotiated cash fed cattle trade was at a standstill in all major cattle feeding regions through Monday afternoon, according to the Agricultural Marketing Service. Last week, FOB live prices were $2 lower in the Southern Plains at $180/cwt., unevenly steady in Nebraska [...]
Futures and equity markets were closed Monday in observance of President’s Day.
Negotiated cash fed cattle trade was at a standstill in all major cattle feeding regions through Monday afternoon, according to the Agricultural Marketing Service.
Last week, FOB live prices were $2 lower in the Southern Plains at $180/cwt., unevenly steady in Nebraska at $181 and steady to $2 lower in the western Corn Belt at $180. Dressed delivered prices were unevenly steady in Nebraska at mostly $287 and steady in the western Corn Belt at $285.
The five-area direct weighted average FOB live fed steer price last week was 80¢ lower at $180.35. The weighted average dressed delivered fed steer price was 76¢ lower at $286.61.
Choice boxed beef cutout value was 89¢ higher Monday afternoon at $297.09/cwt. Select was 74¢ higher at $287.40/cwt