Cattle Current Podcast—Jan. 24, 2025

Cattle futures extended gains Thursday on bullish fundamentals and stronger outside markets.

Toward the close, Feeder Cattle futures were an average of 83¢ higher. Live Cattle futures were an average of 66¢ higher.

Negotiated cash fed cattle trade was mostly inactive on light demand in all major cattle feeding regions through Thursday afternoon, with too few transactions to trend, according to the Agricultural Marketing Service.

So far this week, FOB live prices are steady in Kansas at $201/cwt.

Last week, FOB live prices were $201 in the Texas Panhandle, $203-$205 in Nebraska and $203-$206 in the western Corn Belt. Dressed delivered prices $322 in were Nebraska and $320-$322 in the western Corn Belt.

Choice boxed beef cutout value was $1.06 lower Thursday afternoon at $330.96/cwt. Select was 78¢ lower at $317.21.

Traders added some South American weather premium back into Corn and Soybean futures.

Toward the close and through Sep ’25 contracts, Corn futures were 4¢ to 5¢ higher. Kansas City Wheat futures were 4¢ lower. Soybean futures were 6¢ to 8¢ higher.