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Home > Cattle Current Market Update with Wes Ishmael > Cattle Current Podcast—Feb. 25, 2019
Podcast: Cattle Current Market Update with Wes Ishmael
Episode:

Cattle Current Podcast—Feb. 25, 2019
Category: Business
Duration: 00:06:21
Publish Date: 2019-02-24 16:24:59
Description:

Negotiated cash fed cattle trade remained mostly undeveloped through Friday afternoon, based on USDA reports, but indications were for steady to higher prices.

For instance, although too few to trend, a few early trades were reported in the Western Corn Belt at $124.50-$128.00/cwt. on a live basis and at $202 in the beef. That’s 50¢ to $2 higher on a live basis and $2-$3 more dressed.

Through Thursday, the 5-area direct price was averaging steady with the previous week at $125.

Live Cattle futures inched higher Friday, while Feeder Cattle were narrowly mixed.

After $1.05 higher in spot Feb, Live Cattle futures closed an average of 20¢ higher.

Except for an average of 26¢ higher in the back three contracts, Feeder Cattle futures closed an average of 17¢ lower.

Corn futures closed unchanged to fractionally mixed.

Soybean futures closed fractionally mixed to 1¢ lower.

Wholesale beef values were higher on good demand and light offerings, according to the Agricultural Marketing Service.

Choice boxed beef cutout value was $1.32 higher Friday afternoon at $219.39/cwt. Select was 94¢ higher at $212.35.
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