Episode Details

Cattle futures continued higher Thursday, boosting hopes that the bottom had been etched.

Toward the close, Live Cattle futures were an average of $2.79 higher. Feeder Cattle futures were an average of $3.42 higher.

Negotiated cash fed cattle trade was mostly inactive on light demand in the North through Thursday afternoon, according to the Agricultural Marketing Service. So far this week, FOB live prices are $218-$22o/cwt., which is $7-$8 lower than last week. Dressed delivered prices are mostly $345, which is $10-$11 lower.

Choice boxed beef cutout value was $3.77 lower Thursday afternoon at $381.36/cwt. Select was $3.49 lower at $359.19.

Grain and Soybean were mixed on Thursday.

Toward the close and through the front four contracts, Corn futures were 5¢ to 6¢ lower on likely profit taking and producer selling.

Soybean futures were 1¢ to 2¢ lower with likely profit taking.

Kansas City HRW Wheat futures were 9¢ to 11¢ higher on continued war premium.