Outside markets took their toll on the beef business last week. A seasonal turn in cattle demand had feeders selling hedged cattle last week at sharply lower prices. Trade in the South was reported for the week at $96 live basis down $3-4 from the prior week’s action. In the northern tier, dressed
Last week’s cash fed cattle trade came in steady to $1 higher than the previous week at $100 live basis in the southern Plains and at $99-100 in Kansas. Dressed trade in the northern tier came in a range of $159 to mostly $162-163, as much as $3 higher than the prior week as packers worked
Trade was an early affair last week as feedlots gained the upper hand to trade showlists at prices steady to $1 higher than the previous week at $99 to $100 live basis in most regions. In the north, trade was conducted at mostly $160 dressed. Despite turmoil in the outside markets,
Outside markets took their toll on the fed cattle trade last week with a downdraft on Wall Street pulling live cattle contracts and cash lower on Tuesday. The sharply lower action in the equity markets forced commodities lower and cattle feeders jumped into the market to sell cattle at $98-98.
Fed cattle prices were mostly steady last week on trade that came early. Most of the week’s action was wrapped up by Wednesday, although volumes were reportedly light, leaving many showlist cattle to carry over into the following week. Most of the week’s trade came in
Early fed cattle trade last week jumped above the $1 level in nearly all of the major feeding regions. The market’s ability to defy gravity and continue to trade higher caught many analysts off-guard, showing that demand is perhaps higher than anyone expected. Trade came
Fed cattle trade was firming up in the southern Plains at $96 live last week with the call for steady trade in most feeding regions. In the North, dressed trade was expected to unfold in a range of $152-153, steady with the previous weeks action, with most analysts predicting the majority of the volume would come before the end of the day Thursday.
Fed cattle trade unfolded very early last week as cattle feeders locked in profitable prices and packers worked to get ahead of rising live cattle contracts on the Chicago Mercantile Exchange. Trade developed in the south Plains at prices steady to $1 lower
For the second consecutive week, fed cattle trade was slow to get started, with most of the volume expected to be put off until Friday as packers and feedlots faced off over prices. Last Thursday, bids and offers were still $3-4 apart in most areas, with expectations that fed cattle would trade mostly