Cattle Current

Cattle Current provides a daily synopsis of current cattle markets and related news, as well as feeder and calf auction highlights from the previous day.

[Cattle Current @CattleCurrent]

The monthly WASDE this morning raises the season-average price for corn 30¢ per bushel on both ends of the range to $6.50-$7.50.

[Cattle Current @CattleCurrent]

White house reporting a resolution on debt limit debacle. #cattle markets have the chance to build on Friday's bounce in cash and futures.

[Cattle Current @CattleCurrent]

Feeder #cattle futures are opening lower in response to placements in Friday's Cattle on Feed report--down $1-$1.50 through the front half.

[Cattle Current @CattleCurrent]

July Cattle on Feed up 4% at 10.5 million; June placements up 4% at 1.7 million; June marketing up 5% at 2.1 million.

[Cattle Current @CattleCurrent]

Beef Cow Inventory-down 1% at 31.4 million; beef replacements down 5% at 4.2 million; total cattle inventory down 1% at 100.0 million.