Cattle Current Podcast—Jan. 29, 2025

Last week’s upward momentum in cash prices, and stubbornly strong Choice boxed beef prices, helped support gains in Cattle futures Tuesday.

Toward the close, Live Cattle futures were an average of $2.39 higher. Feeder Cattle futures were an average of $1.98 higher.

Negotiated cash fed cattle trade was at a standstill in all major cattle feeding regions through Tuesday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were $201-$202/cwt. in the Southern Plains and $210-$212 in Nebraska and the Western Corn Belt. Dressed delivered prices were $328-$330 in Nebraska and $330 in the western Corn Belt.

Choice boxed beef cutout value was $2.37 higher Tuesday afternoon at $332.45/cwt. Select was $1.41 higher at $321.96.

Grain and Soybean futures see-sawed back to positive Tuesday, as traders parse South American weather, the threat of Trump tariffs and all of the rest.

Toward the close and through Sep ’25 contracts, Corn futures were 2¢ to 4¢ higher. Kansas City Wheat futures were 7¢ to 8¢ higher. Soybean futures were mostly 3¢ higher.