Fed cattle prices surged higher unexpectedly last week as short-bought packers were forced to pay up for their cattle needs. Prices were $3-4 higher in most areas of the country, with southern Plains trade in the $102-104 range while dressed trade in the North was confirmed from $161 to $164. The activity last Wednesday
Weak basis levels and disinterested packers pushed fed cattle trade back to a late-week event last week. Packers were looking at reduced production levels through the end of the year, which limited their interest in procuring cattle. The light, early volume in the North came at prices $1-2 lower with
Fed cattle trade last week appeared to be reverting back to the late week pattern of earlier this year. The demand for cattle by packers has fallen off somewhat now that most of the purchasing for end of year featuring is complete. Last week, there was talk that packers could begin cutting production in
Live cattle prices surged to near-record levels last week as good demand at home and abroad encouraged packers to pay up early for cattle. On Tuesday last week, live sales in the South jumped $2-2.50 to reach $104 while dressed cattle traded at $161. In the northern
The Public Lands Council (PLC), American Sheep Industry Association, National Cattlemens Beef Association, and 15 other livestock groups have submitted letters to congressional leadership, and to Secretary of Interior Ken Salazar, stating their...
Cash fed cattle markets were sharply higher last Tuesday afternoon with prices moving $3-3.50 higher than the previous week in the south at $101.50 to mostly $102 live basis. In the northern Plains, fed cattle traded early ahead of the holiday at $101-101.50 live and 162 dressed. Early trade
Fed cattle trade last week was slow at midweek with cattle trading in the southern Plains at $98-98.50 live and at $155-158 dressed in the northern Plains and Corn Belt, prices steady to $1 higher than the previous week’s trade. Strength in the boxed beef markets created by solid demand added support
Fed cattle trade was slow to get started last week with most cattle feeders holding out for higher money after a surge in the futures market and mostly steady boxed beef trade. By midday last Thursday, only a limited number of fed cattle had traded hands, mostly in Kansas at $97.50 live and
Fed cattle trade last week was slow but steady for much of the early week period with small numbers trading in most areas through midday last Thursday. The light cash trade had backed down from the previous weeks exceptional levels by $2-2.50 in most areas.
Fed cattle trade last week was stalled last Thursday with packers and feeders deadlocked over prices. Packers were attempting to push prices lower to the range of $94-95 live and $148-150 dressed, while feeders were holding out for $97-98 live and