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Cattle Market Weekly Audio with Wes Ishmael

Cattle Market Weekly Audio Report, Saturday, Sept. 9, 2017

In spite of concerns related to current and recent tropical weather, cash calf and cattle prices continue to hold steady with some positive movement with rallying futures prices.

Cash calf and feeder cattle prices continued to show resilience this week, helped along by rallying futures prices.

Feeder steers and heifers traded mostly steady to $5 per cwt higher during the holiday-shortened week, according to the Agricultural Marketing Service (AMS). There were instances of $6-$8 higher later in the week as futures prices gained steam.

Feeder Cattle futures closed an average of $4.59 higher week to week on Friday. Increasing chatter that wholesale beef values might have finally carved out a seasonal bottom provided some support.

Choice boxed beef cutout value was 53¢ higher week to week on Friday afternoon at $191.88 per cwt. Select was 68¢ lower at $189.97.

Listen to Wes Ishmael's Cattle Market Weekly Audio Report every Saturday morning on the BEEF magazine website. This is your report for Saturday, SEPT. 9, 2017.

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