Download PDF It was another bad week for packers, with the cutouts tracking lowerand the cash cattle market moving higher. On a weekly averagebasis, the Choice cutout lost $4.78/cwt. and the Select cutout wasdown $7.07/cwt. Cash cattle averaged about $1.30/cwt. over lastweek and packers bought a lot more animals than they did the weekbefore. Perhaps …
Download PDF The cash cattle market was essentially steady this week, averaging$142.79, up $0.31 from last week. Prices in the North were steadyto slightly lower and prices in the South were steady to slightlyhigher. The price gap between the North and South has narrowedto the point where it isn’t much of an issue anymore. The …
Download PDF Once again, it was “steady as she goes” in the cattle and beefcomplex. The Choice cutout lost only $0.46/cwt. this week andthe Select was down $2.17/cwt. The cash cattle marketaveraged about $0.50/cwt. below last week’s average. Thefutures market moved about $1 higher on the week, with all ofthat coming on Friday once market …
Download PDF The cash cattle market slipped lower again this week, averaging$142.82, down almost $2 from the week before. That decline wasaccompanied by further softness in the cutouts, with the Choicedropping $3.56 to average $259.73 for the week, while the Selectwas up $0.85 to average $239.07. However, the cutouts werestrengthening late in the week and …
Download PDF Beef packers finally found a way to cool off the cattle market—just buy a lot less cattle. It looks like this week’s average cash price is going to come in around $144.50, down a little over $2 from last week’s average. However, packers only bought about two-thirds of the volume that they purchased …
Download PDF Cash cattle prices advanced again this week, gaining $2.37 toaverage $146.76. As usual, prices in the North were reportedseveral dollars over the South, which traded in the $141-142range. While packers’ cattle cost was rising, the price they gotfor their beef was not. The Choice cutout gained a paltry $0.45/cwt and the Select cutout …
Download PDF This was a week for compressing packer margins as the cutouts slidlower and cash cattle prices surged higher. The Choice cutout lost$3.34/cwt on a weekly average basis and the Select was down $2.82/cwt. The cash cattle market, on the other hand, was on fire this weekwith the weekly average price up $3.50/cwt from …
Download PDF The cash cattle market averaged almost $2 lower this week atclose to $139, with trades in the South as low as $135 and prices inthe North falling mostly in the $141-142 range. The cutouts werealso slightly lower, with the Choice dropping $1.26/cwt on the weekand the Select down $0.42/cwt. The beef trade was …
Download PDF The cash cattle market continued lower this week, averaging$140.65, which was about $1.50 below last week’s average. Thelarge premium that Northern cattle have been carrying over those inthe South is starting to narrow. The cutouts were slightly higherwith the Choice gaining $1.63/cwt and the Select up $0.30/cwt on aweekly average basis. Although the …
Download PDF Packers continued to push the cash cattle market lower this week, withthe weekly average through Thursday at $141.94, down about $2.50from last week’s average. At the same time, they were successful inholding the cutouts mostly steady as production ramped back upfollowing the holiday. Through Thursday, the Choice cutout was up$0.69 and the Select …