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	Podcast:		Cattle Current Market Update with Wes Ishmael
	Episode:		Cattle Current Podcast-Sept. 5, 2018
	Category:		Business
	Duration:		00:04:44
	Publish Date:		2018-09-04 20:10:39
	Description:		Negotiated cash fed cattle traded ended up generally $2.00 to $2.50 lower on a live basis last week at mostly $107 (range of $106.00 to $108.50). Dressed trade was $3-$4 lower at $170. Despite softer cash prices, Cattle futures gained strength Monday, surprising more than a few folks. Support likely included firming wholesale beef values and opening the books on a new month. Live Cattle futures closed an average of $1.20 higher. Feeder Cattle futures closed an average of $2.09 higher ($1.62 to $2.70 higher). Wholesale beef values were higher on fairly good demand and heavy offerings, according to the Agricultural Marketing Service. Choice boxed beef cutout value was $1.13 higher Monday afternoon at $210.82/cwt. Select was 94¢ higher at $202.21.
	Total Play:		0