Holding Firm: Tight Supplies and Rising Prices Signal Strength in the Cattle Market
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Holding Firm: Tight Supplies and Rising Prices Signal Strength in the Cattle Market
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This is your Daily Live Cattle Price Tracker with Vanessa Clark podcast.
Hey friends, welcome to another episode of the Daily Live Cattle Price Tracker. Im Vanessa Clark, and today were diving into the latest on live cattle prices, futures action, and what it all means for you in the cattle game.
Right now, live cattle is trading at 235.70 USd per pound, up 0.23 percent from yesterday, according to Trading Economics. Thats a nice bounce after dipping to 234.93 on January 14th. Futures are looking strong too. GX94 Radio reports February live cattle closed at 236.05, up 0.90, and April at 238.42, up 1.10. Feeder cattle March hit 364.55, up a solid 4.85. Ever.ag backs this with live cattle at 238.425 and feeders at 364.550. Boxed beef is climbing, Choice at 358.53 up 0.54, Select at 357.65 up 0.47 per Barchart.
Cash trade is steady around 232 to 233 last week across Kansas, Nebraska, and the Corn Belt, per Cattle Current. Packers are short on cattle, showlists are smaller, and feedlots are holding firm for better prices, says DTNPF. Wholesale live equivalent is up to 264.43. Over the past month, prices rose 1.97 percent, and they are up 18.30 percent year over year.
What does this mean for you? Tight supplies and rising beef demand could push cash higher keep an eye on packer bids and hold those heavies if you can. Feed costs are reasonable, so marketing flexibility is your friend. Tune into export sales data for more clues.
Thanks for joining me today, pals. Subscribe, share with your ranch crew, and tune in tomorrow for the next Daily Live Cattle Price Tracker update. Talk soon!
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