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	Podcast:		Cattle Current Market Update with Wes Ishmael
	Episode:		Cattle Current Podcast—March 20, 2025
	Category:		Business
	Duration:		00:05:47
	Publish Date:		2025-03-19 23:23:30
	Description:		Cattle futures were higher Wednesday, supported by surging wholesale beef values, firmer outside markets and possibly an eye toward Friday’s monthly Cattle on Feed report. Pre-report estimates are for February feedlot placements to be about 14% less year over year, February marketing to be down about 8% and the March 1 cattle on feed inventory to be down 2%. Toward the close, Live Cattle futures were an average of $1.01 higher. Feeder Cattle futures were an average of $1.84 higher. Negotiated cash fed cattle trade was at a standstill in all major cattle feeding regions through Wednesday afternoon, according to the Agricultural Marketing Service. Last week, FOB live prices were $202-$203/cwt. in the Southern Plains and $206 in the North. Dressed delivered prices were $325. Choice boxed beef cutout value was $6.29 higher Wednesday afternoon at $329.61/cwt. Select was 55¢ lower at $308.68. Grain and Soybean futures softened Wednesday. Toward the close and through Sep ’25 contracts, Corn futures were mostly 2¢ lower to 3¢ higher. Kansas City Wheat futures 8¢ to 11¢ lower. Soybean futures 4¢ to 5¢ lower.
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