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	Podcast:		Cattle Current Market Update with Wes Ishmael
	Episode:		Cattle Current Podcast-Feb. 6, 2019
	Category:		Business
	Duration:		00:04:13
	Publish Date:		2019-02-05 19:15:46
	Description:		Negotiated cash fed cattle trade was undeveloped through Tuesday afternoon. Live Cattle futures edged higher with the firm fundamental outlook—at least static demand levels and weather-dampened beef production—for the near term. Feeder Cattle softened, likely due most to positioning after the previous session’s strong gain. Live Cattle futures closed an average of 30¢ higher (5¢ higher to 97¢ higher in spot Feb). Other than an average of 12¢ higher in Sep and Oct, Feeder Cattle futures closed an average of 32¢ lower. Corn futures closed fractionally higher to 1¢ higher. Soybean futures closed 1¢ to 2¢ higher. Wholesale beef values were weak on light to moderate demand and offerings, according to the Agricultural Marketing Service. Choice boxed beef cutout value was 63¢ lower Tuesday afternoon at $217.02/cwt. Select was 31¢ lower at $213.10.
	Total Play:		0