Carcass value continues to motivate sellers

Carcass value continues to motivate sellers

MARKET UPDATE Cattle feeders took a firmer grip on the rope last week with a cash fed cattle price more than $2/cwt. higher than the week prior, although that detail is lost in the pricing table due to rounding. While negotiated cash volume was light, packer demand...
Sign of the times

Sign of the times

MARKET UPDATE The fed cattle market average last week was steady on the week prior with a $115/cwt. average on a live basis and $181/cwt. dressed. Throughput in the packing sector was exceptional again with a 657K head total federally inspected harvest. One should...
Cull cows and the lean market

Cull cows and the lean market

MARKET UPDATE Cattle and boxed beef markets have posted significant gains over the past two weeks in a continuation of what has been an impressive recovery since the unsettled markets of August/September. Negotiated fed-steers and heifers last week averaged $113/cwt.,...
Squaring carcass value and calf prices

Squaring carcass value and calf prices

MARKET UPDATE The past two weeks have featured fed cattle prices in a slowly increasing trend with the 5-area weighted average in the range of $109-$110/cwt. The higher trending CME Live Cattle futures contracts encouraged a bullish mentality for the cash market up...
Fall carcass weights and CAB trends

Fall carcass weights and CAB trends

MARKET UPDATE From a seller’s perspective, the fed-cattle trade continues to improve, with last week’s numbers making it the third straight week of higher prices since September 9th. Feeders gained a tighter grip on the trade with each passing day last week. Earlier...
Premium beef wins again

Premium beef wins again

MARKET UPDATE Cattle market fundamentals are starting to have some impact to stabilize and move prices higher in a slow but steady fashion. The September 1st  Cattle on Feed report indicated placements during the month of August down 9% under a year ago and an “on...