Cattle Current Market Update with Wes Ishmael

Cattle Current Podcast—Feb. 11, 2025
Cattle futures rose Monday, building on the previous session’s firmer tone, following last week’s rout.
Toward the close, Live Cattle futures were an average of 97¢ higher. Feeder Cattle futures closed an average of $2.45 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 $206/cwt. in the Southern Plains $208 in Nebraska and $205-$208 in the western Corn Belt. Dressed delivered prices were $328.
The weighted average five-area direct FOB live steer price last week was $2.52 lower at $207.05/cwt. The weighted average dressed delivered steer prices was $2.09 lower at $326.98.
Choice boxed beef cutout value was $1.63 higher Monday afternoon at $323.50/cwt. Select was $1.02 higher at $313.92.
Grain and Soybean futures were mixed Monday.
Toward the close and through Sep ’25 contracts, Corn futures were 3¢ to 5¢ higher with likely betting on bullish adjustments in the monthly World Agricultural Supply and Demand Estimates due out Tuesday.
However, Kansas City Wheat futures were 6¢ to 8¢ lower and Soybean futures were fractionally lower to 1¢ lower.