Search

Home > Cattle Current Market Update with Wes Ishmael > Cattle Current Podcast—Feb. 25, 2025
Podcast: Cattle Current Market Update with Wes Ishmael
Episode:

Cattle Current Podcast—Feb. 25, 2025
Category: Business
Duration: 00:09:25
Publish Date: 2025-02-25 00:45:17
Description:

Cattle futures closed higher Monday, buoyed by the recent Cattle on Feed report and a sharp decline in Grain futures.

Toward the close on Monday, Live Cattle futures were an average of $1.31 higher. Feeder Cattle futures were an average of $4.10 higher.

Negotiated cash fed cattle trade was at a standstill in all major cattle feeding regions through Monday, according to the Agricultural Marketing Service.

Last week, FOB live prices were $4 lower in the Southern Plains at $199/cwt., $3-$4 lower in Nebraska at $199-$200 and $2-$4 lower in the western Corn Belt at $199-$201. Dressed delivered prices were $5-$6 lower at $315.

The five-area direct weighted average FOB live steer price last week was $3.27 lower at $199.64/cwt. The weighted average dressed delivered steer price was $5.40 lower at $315.12.

Choice boxed beef cutout value was $2.96 higher Monday afternoon at $313.73/cwt. Select was $1.41 higher at $303.97.

Grain and Soybean futures were lower Monday with pressure including tariff concerns, early month-end position squaring and perhaps wariness about any initial acreage projections USDA shares during this week’s Agricultural Outlook Forum.  

Toward the close and through Sep ’25 contracts, Corn futures were 5¢ to 8¢ lower. Kansas City Wheat futures were 10¢ to 11¢ lower. Soybean futures were 8¢ to 10¢ lower.
Total Play: 0