Download PDF The beef cutouts moved modestly higher this week, with the Choice and Select both gaining a little over $2/cwt. Of course, cattle feeders wanted their share of the bounty and they forced packers to pay about $1.50/cwt. more for cattle than they did last week. Cash cattle prices in the Southern Plains were …
Download PDF Cattle feeders ended up taking lower money in the cash market again this week, as average live prices were down about $1.50/cwt. from the week before and averaged a little over $155/cwt. The beef market also slipped lower too, with the Choice cutout losing $6.86/cwt. and the Select dropping $2.57/cwt. Packer margins compressed …
Download PDF Cattle feeders ended up taking lower money in the cash market again this week, as average live prices were down about $1.50/cwt. from the week before and averaged a little over $155/cwt. The beef market also slipped lower too, with the Choice cutout losing $6.86/cwt. and the Select dropping $2.57/cwt. Packer margins compressed …
Download PDF Cattle feeders ended up taking lower money in the cash market again this week, as average live prices were down about $1.50/cwt. from the week before and averaged a little over $155/cwt. The beef market also slipped lower too, with the Choice cutout losing $6.86/cwt. and the Select dropping $2.57/cwt. Packer margins compressed …
Download PDF Packers finally had some success in halting the cash cattle market this week. When all of the transactions are tallied and reported on Monday, it looks like the average sale price will be close to $157/cwt., down about $0.75 from the week before. Cattle feeders held out until the end of the week …
Download PDF This week’s cash cattle trade averaged $157.78/cwt., almost steady with last week. Cattle in the Southern regions traded at about a $1/ cwt. discount to those in the North. The cutout held up very well, with the Choice adding $3.54/cwt. and the Select gaining a whopping $8.19/cwt. Packer margins stayed essentially flat with …
Download PDF Beef buyers appear to have been caught flat-footed by the weather- and holiday-related kill cuts over the past week and a half. Those that needed product immediately helped bid up cuts from nearly every part of the carcass. As a result, the Choice cutout gained almost $14/cwt. on a weekly average basis to …
Download PDF This was a week of disruptions. First, the upcoming Christmas holiday trimmed slaughter schedules and slowed the meat trade. Next, the artic cold penetrated the midsection of the country raising concerns about animals in the feedyards and limiting both buyer and seller interest in moving animals. The end result is that not many …
Download PDF The beef market was volatile this week as buyers wrapped up last minute purchasing ahead of the holidays. The rib primal traded in an almost $100/cwt. range from $457 on the low side to $546 on the high side. That was to be expected as buyers with immediate ship needs moved in and …
Download PDF Packers scored a minor victory this week as they were able to purchase cash cattle at about $1 below last week. USDA is reporting the weekly average price near $155.60, but the volume traded was only about half of what they purchase in the negotiated market in a normal week. Obviously, some cattle …