Cattle Call: Locking in 236 Before the Spring Swing
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Cattle Call: Locking in 236 Before the Spring Swing
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This is your Daily Live Cattle Price Tracker with Vanessa Clark podcast.
Hey friends, welcome to the Daily Live Cattle Price Tracker with Vanessa Clark. Im your host Vanessa, and today were diving into the freshest updates on live cattle prices, market moves, and what it all means for you whether youre a rancher, trader, or just keeping tabs on this key commodity.
Right now, live cattle futures are trading at 235.84 USd per pound, up 0.25 percent or 0.59 points from yesterday, according to Trading Economics data. That puts us near recent highs, with February contracts dipping a bit to around 235.225 as reported by DTN Progressive Farmer midday updates. Yesterday we saw a rise to 235.38, building on a solid monthly gain of over 2 percent and a whopping 19 percent jump year over year. Cash markets are steady too, with packers bidding higher late last week up to 233 dollars on fed cattle, per the Ag Center Cattle Report, thanks to smaller supply lists and climbing box prices.
Feeder cattle are holding strong but pulling back slightly, with March futures at 359.40, down a touch amid tight supplies and fierce competition at auctions. Quality grades are smashing records at 87 percent choice or better, which means more premium beef hitting shelves and supporting those prices. Corn dipped after a bearish USDA report, but thats creating some feed cost relief if youre finishing cattle.
Heres your actionable takeaway: With forecasts eyeing 236 by quarter end and volatility in futures, consider locking in forward contracts now, basis to nearby months, to hedge against swings. Keep watching cash trades and cutout values for selling cues theyre your real market signal.
Thanks for tuning in, friends. If you love these daily live cattle price tracker insights, hit subscribe and join me next time for more on live cattle futures, trading prices, and rancher tips. Talk soon.
For more http://www.quietplease.ai
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