Quick-read morning and afternoon cattle market recaps are now available to you from Pro Farmer.

Each morning's "Ahead of the Open" report shares livestock & grain calls plus quick analysis on what to expect from today's cattle market and the drivers behind it. Read Ahead of the Open report.

The afternoon "After the Bell" report recaps the day's market moves for live & feeder cattle along with cash cattle bids, slaughter, cutout values and more. Read After the Bell report.

Get 1-week of complete access to these popular reports with a free trial to Pro Farmer. Includes Pro Farmer Newsletter, premium website access to www.profarmer.com plus 2 daily news & market reports.

Start Free Trial

Cattle Analysis

Live cattle futures ended Wednesday at an eight-week high on continued firmness in cash markets amid carryover technical strength from Tuesday's rally and strengthening cash fundamentals. Feedlot operators appear to be gaining ground against the packers, with bids for slaughter-ready steers around $124.00 in the Texas and Oklahoma markets and $126.00 in Nebraska. Live steers averaged $124.39 last week.

Wholesale beef prices are also trending higher despite early weakness Wednesday. Choice cutout values fell $1.41 early Wednesday to $283.35, down from a the nearly three-week high reached Tuesday. Movement totaled about 93 loads by midday. Feeder cattle came under pressure from a rally in corn futures, which reached the highest levels since mid-August Wednesday.

You are subscribed as newsletter@newslettercollector.com. To ensure delivery to your inbox (not bulk or junk folders), add aginfo@farmjournal.com to your address book.

Manage Your E-mail

Click here to unsubscribe from Pro Farmer promotions.