Midweek fed cattle trade last week came in lower than the prior weeks action as price fatigue appears to have set in. Boxed beef cutout values have started to show signs of topping out and nearterm export needs appear to have been fulfilled, leading to last weeks price break.
The fed cattle markets last week looked likely to benefit directly from the global nature of beef trade. Heavy rains have caused severe flooding in portions of Australia. The flooding shut down the port of Brisbane, Australia, which is responsible for shipping much of the beef from the states of Queensland and New South Wales to
Fed cattle traded early last week at prices mostly steady to $1 lower than the previous week’s sharply higher prices. Southern Plains cattle sold in a range of $105-106.50 live basis while cattle in the north brought $104 live and $167-169 dressed, with good numbers trading hands in the northern Plains and Corn Belt
Cattle feeders enjoyed an extended Christmas, trading fed cattle actively Wednesday afternoon at $4.00-$6.00 over the prior week’s market. Kansas feeders traded at $106-$106.50, and $107.00 in Texas, northern Plains dressed trade was at $168-$170. Most trade was completed Wednesday with light
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