Beef Wrap

Beef Wrap January 21

Download PDF The cash cattle market averaged $137.39 this week, up about $0.78from last week’s average. Packers bought more this week thanthey did last week, so perhaps that signals growing confidence thatthey will have enough labor to move kills higher next week. Bothcutouts gained about $10/cwt this week, but by Friday they wereshowing signs of …

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Beef Wrap January 14

Download PDF Cash cattle traded $2 lower this week, averaging close to $136.50.The cutouts roared higher, with the Choice gaining $12.24 on aweekly average basis and the Select up $10.67. That provided ahuge boost to packer margins, which averaged $473/head, up $130/head this week alone. It seems like restricted throughput in thepacking segment is once …

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Beef Wrap January 7

Download PDF Cash cattle were mostly lower this week, with the weekly averagedropping a dollar to $138.58. It doesn’t look like packers boughtvery many cattle either. That could be because some producersdidn’t want to let them go cheaper, but my guess is that packershave so much uncertainty around their labor supply for the nextcouple of …

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Beef Wrap December 31

Download PDF The cash cattle market bolted higher this week, averaging $139.88,up a little over $4 from last week’s average. Packer inventories wererunning low after two weeks of very light purchases and they neededto restock ahead of next week’s return to a full slaughter schedule.Beef markets also turned a bit higher, with the Choice cutout …

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Beef Wrap December 24

Download PDF The cash cattle market declined again this week, dropping about$1.50 to average $135.55. The cutouts stabilized, with the Choicenearly unchanged on a weekly average basis and the Select up about$2. That allowed packer margins to increase modestly, now at $377/head. Analysts are watching the COVID situation closely in the USas the virus seems …

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Beef Wrap December 17

Download PDF The cash cattle market continued on its lower trajectory this week,down a little over $2 to average $137.18. Packers appear to havebought less cattle this week than last and only about half as many asthey bought during the week following Thanksgiving when pricespeaked at $140.50. The beef market also continued its march lowerwith …

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Beef Wrap December 10

Download PDF The cash cattle market finally took a breather this week. It looks likelive prices will average around $139.50, which is down about $1 fromlast week’s average. Beef markets remained under pressure, withthe Choice cutout dropping $6.42 on a weekly average basis and theSelect down $5.33. Packer margins compressed further, losingalmost $100/head to average …

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Beef Wrap December 3

Download PDF The cash cattle market moved higher once again this week, withprices averaging $140.46, up a little more than $2 from last week’saverage. The cash market has added close to $16 in the last sixweeks. Can all of that be attributed to a tightening cattle supply?Possibly, but it seems like an awful big increase …

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Beef Wrap November 26

Download PDF The cash cattle market continues to march higher while the beefmarket slips lower. Last week’s average price for cash cattle was alittle over $133, up $2 from the week before and so far this week,packers have come out bidding $135 to $137. Cattle feeders havepackers over a barrel and they know it. Over …

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Beef Wrap November 12

Download PDF This week the cash cattle market moved up $1-2 over last week andmovement was pretty brisk. It looks like the weekly average is goingto finish somewhere around $131.50. While cattle prices were busyadvancing, beef prices were slipping. The Choice cutout dropped$2.36 on a weekly average basis and the Select was up $1.74.Perhaps the …

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