Beef Wrap

Beef Wrap October 15

Download PDF The live market for cash cattle was up a little less than a dollarthis week to $123.85. That puts it about right in the middle of thetrading range it has been stuck in for the last several months.The cutouts continued lower although the losses were very smallnear the end of the week. The …

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Beef Wrap October 8

Download PDF I thought about just saying “see last week’s wrap” and call it a day. Once again, it was more of the same in the cattle and beef complex. The only thing that really changed this week was that futures traders realized how oversold the futures had gotten and they corrected that with five …

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Beef Wrap October 1

Download PDF Cash cattle averaged a dollar lower this week at $122.65, but otherthan that, it was more of the same in the cattle and beef complexthis week. The cutouts continued lower, with the Choice downalmost $11 on a weekly average basis and the select down a littleless than $6. That compressed the Choice-Select spread …

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Beef Wrap September 24

Download PDF It was more of the same in the cattle and beef complex this week—cash cattle steady in the $123-124 range and beef cutouts fallinglike a rock. The Choice was down $11.47 on a weekly averagebasis and the Select was off $8.58. Some packers did plantmaintenance this week and that limited the fed kill …

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Beef Wrap September 17

Download PDF The cash cattle market was a little lower this week, with the averagelive trade done close to $124. In the prior four weeks it had beencloser to $125. The beef market continued its retreat with bothcutouts down about $12 on a weekly average basis. That said, theChoice cutout finished up on Friday at …

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Beef Wrap September 10

Download PDF Cash cattle markets were about $1 lower this week to $124.73 andthe cutouts were also on the defensive, with the Choice losing a littleover $7 on a weekly average basis and the Select down almost $11.That really expanded the Choice-Select spread, which now sits atalmost $34—extremely wide for this time of year. Over …

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Beef Wrap September 3

Download PDF Live cattle futures traders seem to have lost their optimism for thefuture. The Dec LC contract, which traded over $138 at one pointlast week, closed Friday just a little under $131. Why the suddenshift in expectations? Well, at least part of it has to be due to thefact that the futures got way …

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Beef Wrap August 27

Download PDF Cash cattle have only been lightly traded this week, with prices inthe South mostly $122-124 and prices in the North $3-4 over that.Available supplies are tighter in the North and the cattle from thatregion grade better, thus the higher price levels. Cattle feedershave been struggling to capture even a small portion of the …

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Beef Wrap August 20

Download PDF Beef prices continued to soar this week with the Choice cutout up$27 from the end of last week and the Select cutout up over $22.The chart below indicates that it is the middle meats that are now theprimary drivers of the price increases, with the end primals providingmuch less of the lift. That …

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Beef Wrap August 13

Download PDF Cash cattle averaged about a dollar lower in the live markets thisweek at $122.84. The dressed markets, which are primarily in thenorth, were about $2 higher. Beef markets continued to soar withthe Choice adding almost $23 on a weekly average basis and theSelect adding a little over $18. At this rate, it won’t …

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