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	Podcast:		Cattle Current Market Update with Wes Ishmael
	Episode:		Cattle Current Podcast-Oct. 25, 2018
	Category:		Business
	Duration:		00:07:26
	Publish Date:		2018-10-24 18:37:10
	Description:		Although cash fed cattle trade remained undeveloped through Wednesday afternoon on light to moderate demand, there were some early live sales in the western Corn Belt on Tuesday at $112/cwt., which was $2 more than last week. There were only 1,051 head offered in the weekly Fed Cattle Exchange Auction, and no takers. There were two lots passed out at $105. Stronger wholesale beef prices, notions of steady-to-higher fed cattle prices, as well as a surge in Lean Hog futures, helped Cattle futures firm Wednesday. Live Cattle futures closed an average of 71¢ higher (50¢ to $1.20 higher). Except for 45¢ lower in spot Oct, Feeder Cattle futures closed an average of 48¢ higher. Wholesale beef values were higher on moderate to fairly good demand and light to moderate offerings, according to the Agricultural Marketing Service. Choice boxed beef cutout value was $1.11 higher Wednesday afternoon at $211.39/cwt. Select was 96¢ higher at $197.82.
	Total Play:		0