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Carcass value shifts, a sign of the times

Carcass value shifts, a sign of the times

Carcass value shifts, a sign of the times MARKET UPDATE January fed cattle prices are normally choppy and so far we’re seeing that pattern in 2021. A primary difference this year, compared to 2020, is that last week’s average price is $14/cwt. lower, the same discount...
Branded prices gain on Prime in 2020

Branded prices gain on Prime in 2020

Branded prices gain on Prime in 2020 MARKET UPDATE Diving right in to the new year, we’ve already met some seaonal expectations in both cattle and beef prices. We’ve seen a bit of strength in the fed cattle market over the past couple of weeks as packers showed their...
Premiums high in a lower market

Premiums high in a lower market

Premiums high in a lower market MARKET UPDATE We’ve seen a couple weeks of sideways trade in the fed cattle market, which has underperformed as we moved from November to December. The latest weekly price of $110/cwt. was 7.5% lower than a year ago, settling $1/cwt....
First sales of CAB in China

First sales of CAB in China

First sales of CAB in China MARKET UPDATE Spot cattle and boxed beef prices were highly divergent last week. Support to the live cattle side had been built on positive COVID-19 vaccine news and resulting equity market upticks spilling over to CME Live Cattle...
Carcass quality spreads widen on seasonal demand

Carcass quality spreads widen on seasonal demand

Carcass quality spreads widen on seasonal demand MARKET UPDATE In the last CAB Insider, we reported on a rapidly retreating fed cattle market scenario. However, much has changed in the two-week interim. Last week’s $1 to $2/cwt. advance is just a fraction of what many...