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	Podcast:		Cattle Current Market Update with Wes Ishmael
	Episode:		Cattle Current Podcast—March 18, 2025
	Category:		Business
	Duration:		00:07:28
	Publish Date:		2025-03-18 01:02:05
	Description:		Cattle futures closed higher Monday, supported by last week’s bounce in cash fed cattle prices and stronger wholesale beef values. Toward the close, Live Cattle futures closed an average of $1.77 higher. Feeder Cattle futures were an average of $2.74 higher. Negotiated cash fed cattle trade was at a standstill in all major cattle feeding regions through Monday afternoon, according to the Agricultural Marketing Service. Last week, FOB live prices were $5-$6 higher in the Southern Plains at $202-$203/cwt. and $4-$6 higher in the North at $206/cwt. Dressed delivered prices were $8-$10 higher in Nebraska at $325 and $5-$10 higher in the western Corn Belt at $325. The weighted average five-area direct FOB live fed steer price last week was $5.02 higher at $205.30. The weighted average dressed delivered steer price was $8.54 higher at $324.97. Choice boxed beef cutout value $2.89 higher Monday afternoon at $321.16/cwt. Select was $1.58 higher at $307.90. Grain and Soybean futures were mixed Monday. Toward the close and through Sep ’25 contracts, Kansas City Wheat futures 18¢ to 19¢ higher with traders apparently adding premium. Corn futures were 2¢ to 3¢ higher. Soybean futures were fractionally higher to 1¢ lower.
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