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	Podcast:		Cattle Current Market Update with Wes Ishmael
	Episode:		Cattle Current Podcast—Dec. 7, 2021
	Category:		Business
	Duration:		00:06:11
	Publish Date:		2021-12-07 02:22:01
	Description:		Negotiated cash fed cattle trade ranged from a standstill to mostly inactive on very light demand through Monday afternoon with too few transactions to trend, according to the Agricultural Marketing Service. Last week, live prices were $142/cwt. in the Southern Plains and Colorado; $140 in Nebraska and the western Corn Belt. Dressed prices were $220. Cattle futures closed mostly higher Monday, buoyed by higher outside markets, recently stronger cash prices and prospects of higher money this week. Feeder Cattle futures closed an average of 91¢ higher. Live Cattle futures closed an average of 40¢ higher, except for an average of 13¢ lower in two contracts toward the back. Choice boxed beef cutout value was $1.83 lower Monday afternoon at $272.53/cwt. Select was 79¢ lower at $257.85. Corn futures closed mainly fractionally lower to mostly fractionally higher. Soybean futures closed 2¢ to 5¢ lower through the front six contracts and then mostly unchanged to fractionally mixed.
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