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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 with me, Vanessa Clark. Today, we're diving into the latest on live cattle prices, futures action, cash markets, and what it all means for you whether you're a producer, trader, or just keeping tabs on this key commodity.
First up, the current trading price: April live cattle futures closed at 231.25 cents per pound, up 1.10 from yesterday, according to Pro Farmer and CME data. That's a nice corrective bounce after some recent selling pressure, testing support near the 200-day moving average. Cash markets saw more activity too, with USDA reporting steers averaging 234.70 live and heifers at 235.05 dressed in key regions like Texas and Nebraska. But heads up, prices dipped a bit this week, down 3 to 8 bucks in spots, partly due to lower trades and worries over a JBS labor strike at their Greeley plant.
Boxed beef is a bright spot, though. Choice cutouts hit 398.15, up 1.45, and Select rose to 392.58, boosting packer margins to about 20 bucks per head from deep losses recently. Exports are strong too, with weekly beef sales at a marketing year high of 25,400 metric tons. Feeder cattle eased to 343.00 for April, down 30 cents, as feed costs like corn tick higher.
For practical tips, if you're hedging, consider covering corn-for-feed needs through March in the cash market and watch for more buys if values climb. Producers, with tight supplies and solid beef demand holding up despite economic jitters and fuel costs, stay cautiously optimistic, but don't rush sales. Track that JBS strike impact closely, as it could sway packer buying next week.
That's your daily roundup on live cattle prices and trends. Thanks for tuning in, friends, grab that subscribe button, and join me next time for more. Take care!
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