Idaho Farm Bureau's Podcast

Cattle market and wheat up!

January 02, 2018
Idaho Farm Bureau's Podcast
Cattle market and wheat up!
Chapters
Idaho Farm Bureau's Podcast
Cattle market and wheat up!
Jan 02, 2018
Idaho Farm Bureau
Show Notes
The beef market really took off and still climbing… Live cattle futures posted triple digit gains, up $1.92. Feeder futures had more dramatic numbers, up $3.20 per hundred. High wind chill readings are limiting the ability to move cattle in some areas, but that’ll get better by the weekend. The CME feeder cattle index on December 29 was $156.02, up to a sharp $9.51 from the previous day. Wholesale boxed beef values were sharply higher today as retailers got away from the turkeys and hams and planned some beef features. Choice boxes were on average $2.24 higher than Friday, with Select boxes up $3.59 per cwt. The choice/select spread is tightening seasonally and is down to $8.57.
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