Quality carcass spreads turn up early MARKET UPDATE Last week’s fed cattle trade rounded out February and a full month of $114/cwt. weekly average prices. The two weeks in the middle of the month marked by extreme weather and insufficient fed cattle to harvest-space...
Cold weather, grade expectations MARKET UPDATE Fed cattle prices were steady in the first half of February, averaging $114/cwt. in each of those two weeks. Live Cattle futures contracts have been pricing higher this month despite choppy movement since late last week....
With more global optimism, CAB exports rise in December MARKET UPDATE January fed cattle prices traded in a very tight range around $110/cwt. with last week’s CattleFax average steer price up to $112.50/cwt. While this is the highest price on the ledger since the...
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 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 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....
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