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	Podcast:		Cattle Current Market Update with Wes Ishmael
	Episode:		Cattle Current Podcast-Sept. 6, 2018
	Category:		Business
	Duration:		00:08:02
	Publish Date:		2018-09-05 20:07:32
	Description:		Odds are improving for at least steady cash fed cattle prices this week. For instance, Choice 2-4 steers sold $1 higher at Sioux Falls Regional in South Dakota at $106-$108/cwt. There were 512 head offered in the weekly Fed Cattle Exchange auction and no takers. One lot of Kansas heifers was passed out at $106. In the country, trade was very limited on light to moderate demand in Nebraska and the western Corn Belt through Wednesday afternoon. There were a few early dressed sales at $170/cwt.—too few to trend—which was steady with last week. Despite light trade and early pressure, notions of firm to higher cash bids for fed cattle helped Feeder Cattle futures close mostly higher; mostly narrowly mixed for Live Cattle. Other than an average of 74¢ lower in the front two contracts, Live Cattle futures closed narrowly mixed, 15¢ lower to 7¢ higher. Other than unchanged and 35¢ lower at the front of the board, Feeder Cattle futures closed an average of 50¢ higher (7¢ to 92¢ higher). Wholesale beef values were weak to lower on light demand and heavy offerings, according to the Agricultural Marketing Service. Choice boxed beef cutout value was 42¢ lower Wednesday afternoon at $210.40/cwt. Select was $1.30 lower at $200.91.
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