Download PDF The cash cattle market took a step up this week, with pricesaveraging just over $141, up $2 from the week before. Thecutouts were mixed, with the Choice gaining $1.99/cwt while theSelect lost $1.64/cwt. That had to be a disappointment forpackers, after recent weeks where the cutouts have been gaining$5 or more. So, if …
Download PDF The cash cattle market moved a little lower this week, but for allpractical purposes it remains stuck in the $138-139 range it has been insince early March. The cutouts continued higher, but at a little slowerpace than expected. The Choice cutout added $4.41 on a weeklyaverage basis and the Select cutout was up …
Download PDF The beef markets continued higher this week, with the Choice cutoutgaining $5.06 on a weekly average basis and the Select adding$6.22. As you might expect for this time of year, it was the middlemeat primals that led the cutout higher, but both cutouts were alsohelped by soaring 50s prices. In the past two …
Download PDF The beef cutouts continued to work higher this week, althoughprobably at a slower pace than most were expecting. The Choicecutout added $3.69 while the Select was up $2.40. Cash cattletraded mostly steady, averaging $138.96, about $0.50 above lastweek’s average. Packers reloaded their cattle inventory this week,buying the largest number of negotiated cattle in …
Download PDF Packer margins got a little more breathing room this week as thecutouts advanced while cash cattle stayed relatively flat. The Choicecutout gained $3.64 on a weekly average basis and the Select wasup $2.79. This looks like the beginning of the usual spring rally in thebeef market. How high and how fast it goes …
Download PDF The cash cattle market moved lower again this week with thebulk of the trade occurring at $138, down a little over $2 from lastweek. The cutouts also continued lower, but the decline slowedand by the end of the week the cutouts were starting to movehigher. The Choice averaged $253.70, down $2.02, while theSelect …
Download PDF The slide in beef prices continued this week, with the Choice cutoutdropping $5.11 on a weekly average basis and the Select cutoutdown $8.39. Cash cattle finally turned lower, dropping almost $3from the week before to average $140.76. Packer margins finallynarrowed enough that packers felt the need to put some pressure onthe cash cattle …
Download PDF Cash cattle markets averaged about $1 higher this week, but therewas a wide range of prices reported. Early in the week, somepackers stepped up and paid as much as $145 for cash cattle, withmore sold at $144. Then following the news of Russia’s invasion ofUkraine, the futures market fell hard and that prompted …
Download PDF It was another week where cash cattle prices moved up and cutoutvalues moved lower. Packers came out bidding $142 rather early inthe week and they managed to get the showlists bought for an averageprice of $142.25, which is a little less than $2 over last week’s average.The Choice cutout dropped $6.43 on a …
Download PDF The cash cattle trade averaged $140.52 this week, up about $0.60 fromlast week’s average. Packers bought rather large numbers this weekand so may be able to pull back from the spot market a bit next week.This week’s market had to be a disappointment for cattle feeders afterlast week’s $3 increase, but there seems …