Beef Wrap

Beef Wrap June 14

Download PDF The cash cattle market in the North caught fire this week, with live trades reported in the $195-196 range, which is up $5-6 from last week’s trade in that region.  The price advance was more muted in the South, where the majority of trades occurred at $186, up $1 from the week before.   …

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Beef Wrap June 7

Download PDF The beef markets were able to add to last week’s gains, with the Choice cutout up $2.80 to average $316.05 and the Select cutout down $0.33 to average $302.21.   Sure, this week’s gains were small, but they helped mitigate the fears that beef demand would come tumbling down after the Memorial Day holiday.  …

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Beef Wrap May 31

Download PDF The cattle market took a turn lower this week as trade in the South was established at $186, down $1 from last week and live trade in the North was close to $190, which was down $2-3 from the week before.  That should put the five-area average at close to $188 for the …

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Beef Wrap May 24

Download PDF The beef market managed to stay on its upward trajectory for the second week in a row, with the Choice cutout gaining $4.89/cwt. on a weekly average basis and the Select cutout adding $6.48/cwt.  The cattle market also posted gains as trade in the South was mostly $1 higher at $187 while the …

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Beef Wrap May 17

Download PDF This week’s theme in the cattle and beef complex was “better late than never”, as the cutouts rocketed higher just two weeks before the Memorial Day holiday.  There was speculation that the buying was driven by packers’ announcing their intention to limit this week’s kill and that caused beef buyers to quickly jump …

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Beef Wrap May 10

Download PDF The beef cutouts finally got a little lift this week, with the Choice adding $2.27/cwt. to average $296.78 and the Select losing $0.72/cwt. to average $288.05.   The gains were driven mostly by increases in the rib and loin primals, with all of the other primals either slightly lower or nearly unchanged on the …

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Beef Wrap May 3

Download PDF The avian influenza story reared its head again this week as government officials announced they would be testing for traces of the virus in ground beef.  That sent the futures sharply lower as traders assumed that, similar to milk, fragments of the virus would be found in beef.   Then on Thursday, it was …

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Beef Wrap April 26

Download PDF Traders bought the futures aggressively on Monday following the COF report and that seemed to set the tone for a solidly higher cash cattle market this week.  On Wednesday, there was news that DNA of the avian influenza virus had been detected in pasteurized milk and that caused some selling in cattle futures, …

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Beef Wrap April 19

Download PDF Prices in the cattle and beef complex slipped lower again this week, with the Choice cutout dropping $2.84/cwt. on a weekly average basis and the Select cutout losing $6.38/cwt.   Cash cattle markets were mostly lower also and it looks like the 5-area weighted average will ring in somewhere close to $182.50, down about …

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Beef Wrap April 12

Download PDF Cash cattle traded lower again this week, with the average live price expected to come in around $183.80/cwt., down a little over $2 from the week before.  The cutouts were also lower, but not by much, as the Choice averaged $300.27 on the week, down $0.84 and the Select averaged $297.38, down $0.31.  …

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