Beef Wrap

Beef Wrap July 23

Download PDF Cash cattle markets were mostly lower, with the average so farthis week at $120.21, down over $2.50 from last week’saverage. The cutouts also continued lower, with both downabout $6 on a weekly average basis. However, the cutouts didmanage to eek out small gains on Wednesday and Thursday,which has some wondering whether or not …

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Beef Wrap July 16

Download PDF Cash cattle prices were a little higher this week, averaging$122.56, up about $0.40 from last week’s average. We still have atwo-tiered market, with cattle in the North selling for a couple ofdollars more than those in the South. The beef market continuedto move lower, with the Choice cutout dropping a little over $10and …

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Beef Wrap July 9

Download PDF Cash cattle continued to trade in a two-tiered market this week,with cattle in the North bringing $124-126 and cattle in the Southbringing $120-122. It looks like the weighted average will be closeto $121, so that is down almost $3 from last week’s average near$124. There are two things going on here. First cattle …

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Beef Wrap July 2

Download PDF Cash cattle prices averaged about $1.50 lower this week to $123.80,but there are some pretty strong regional differences in pricing. Cattlein the Southern Plains are bringing $122 or less while cattle in theNorth are bringing from $125 to $127. There are two factors at workhere. The first is just a general cattle availability …

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Beef Wrap June 25

Download PDF So far, this week’s average cash cattle price is $125.57, up about$3 from last week. Packers are still chasing Choice cattle and arewilling to pay up for them. The cutouts continued to fall, with theChoice off $15.62 on a weekly average basis so far and the Selectoff $14.31. As a result, packer margins …

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Beef Wrap June 11

Download PDF This week’s weighted average price for cash cattle was almostexactly $120, pretty much the same level it has been at for the pastfive weeks. The cutouts stalled, with the Choice losing $0.23 andthe Select down $3.04. Many market observers are holding theirbreath waiting for the cutouts to plummet from these extremelevels. I’m not …

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Beef Wrap June 04

Download PDF The big news this week was the disruptions at JBS facilities due toa cyberattack. The attack occurred on Sunday, May 30.Fortunately, there was no kill scheduled for Monday since it was aholiday. Most of the JBS beef plants were down on Tuesday andthe daily kill only amounted to 94k, when 120k was more …

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Beef Wrap May 28

Download PDF The cash cattle market was essentially unchanged this week, with theaverage for live transactions coming in at $119.64. In the previous twoweeks, the averages were $119.73 and $119.72, so you can see thatthere has been almost no movement in the cash cattle market for threeweeks now. In fact, it looks like someone is …

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Beef Wrap May 21

Download PDF Cash cattle prices were essentially unchanged from last week,averaging $119.71 on the week. The cutouts, however, kept pushinghigher, with the Choice adding a little over $9 and the Select up about$4.60. There are many who are expecting a sharp retracement in thecutouts now that all of the Memorial Day business is wrapped up, …

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Beef Wrap May 14

Download PDF Cash cattle traded in the $119-120 range this week, up about$1.50 from the week before. Strong gains in the futures early inthe week likely prompted packers to pay up, but the market soldoff hard on Thursday and that brought the higher cash trade to anabrupt end. Packers had plenty of extra revenue to …

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