Market Highlights: Processing Beef Marketing Info

FED CATTLE: Fed cattle traded $5 lower compared to a week ago on a live basis. Prices on a live basis were mainly $120 to $121 while dressed prices were mainly $193 to $194.

The 5-area weighted average prices thru Wednesday were $120.77 live, down $5.17 from last week and $193.82 dressed, down $8.06 from a week ago. A year ago prices were $125.64 live and $206.08 dressed.


Last week, the extremely strong basis in live cattle was mentioned. It was mentioned that the cash price was $6 to $7 higher than April live cattle futures resulting in a strong basis. Give the market one week and the basis narrowed $2.

The expectation is for the cash price and futures price to converge as the futures contract nears expiration. This can happen by the cash price moving to futures, futures moving to cash, or both cash and futures moving toward each other.

This week, the cash price did most of the moving as prices declined rapidly in one week’s time. Of the three alternatives to price movement in the coming weeks, it would appear the cash price will likely do the most moving and move lower towards the April contract.

BEEF CUTOUT: At midday Thursday, the Choice cutout was $221.60 down $0.02 from Wednesday and down $2.52 from last Friday. The Select cutout was $217.73 down $1.34 from Wednesday and down $7.44 from last Friday. The Choice Select spread was $11.31 compared to $6.39 a week ago.


Wholesale beef prices continue to struggle leading up to grilling season. Some would say the Lenten season negatively influences the meat markets. However, it likely has a much smaller impact in today’s market compared to previous years.

If it does have a negative influence, that influence should be negated this coming week as Easter is celebrated on April 1. The Lenten season is not the only factor pushing wholesale prices lower.

Federally inspected beef production is up 2.6 percent year to date which is an increase of 147 million pounds of beef. Similarly Federally inspected pork production has seen an increase of 197 million pounds or an increase of 3.3 percent year to date.

The negative price pressure is expected to continue as cattle dressed weights continue to exceed year ago levels and more animals are expected to be harvested. One piece of information that is a positive for the beef market is a reduction of beef in cold storage.

Beef in cold storage at the end of February was 8.4 percent lower than one year ago but that is only a reduction of 42 million pounds.

OUTLOOK: Steer prices were $2 to $5 lower this week compared to last week based on Tennessee weekly auction market data while heifer prices were $2 to $9 lower compared to a week ago. The calf and feeder cattle market are really beginning to be muddled between a softening finished cattle market and grass fever purchases. This has resulted in a very unsettled market with uncertainty among many in the industry.

As is normal, beef cattle industry participants are trying to process many pieces of information. As the information is gathered, industry participants use that information to make decisions which impacts prices of calves and feeder cattle.

The piece of information that has been on the list for a long time is the number of cattle placed on feed in the past five or six months. Though this piece of information is not new, it continues to be a major factor in decision making as many in the industry expect a wall of cattle to be harvested in the next few months and thus a wall of beef and beef products to be marketed.

Another factor that has been in play is the drought conditions that have dominated most of the Southern Plains and Southwest United States for the better part of four or five months which impacted wheat pasture placements and could potentially influence spring and summer marketings at the calf and feeder cattle level.

Still, another factor is international beef trade from a retaliatory tariff standpoint and restructuring trade agreements with major beef export markets.

All of the stated factors plus many more weigh in the decision making process of those in the industry. Supply and demand ultimately determine cattle and beef prices, but participants’ expectations of future supply and demand influence the current price.

Sometimes these participants have a bullish outlook on the market which drives prices higher. At other times, these participants have a bearish outlook which pushes the market lower. It appears there is more bearish information in the market given softening prices.


ASK ANDREW, TN THINK TANK: A few questions in relation to retained ownership have been asked at a couple of recent meetings. The focus of the questions has been in relation to the cow-calf producer harvesting more of the value from genetic selection improvements and value added management practices such as weaning, vaccinating, and backgrounding cattle. These are good questions for producers to be asking. However, a producer has no idea if their genetic selections have actually resulted in improvements until they put cattle in the feedlot and see data on how the cattle performed. In no way is the previous statement suggesting that producers retain ownership of their cattle and send them to the feedlot. There are risks involved in such an endeavor. Alternatively, if there are producers interested in retaining ownership and receiving data, I coordinate the Tennessee Beef Evaluation which is a program where cattle are sent to a feedlot in Iowa and data is collected. If anyone has interest then please contact me.

Please send questions and comments to or send a letter to Andrew P. Griffith, University of Tennessee, 314B Morgan Hall, 2621 Morgan Circle, Knoxville, TN 37996.

FRIDAY’S FUTURES MARKET CLOSING PRICES: Thursday’s closing prices were as follows: Live/fed cattle –April $113.75 -2.25; June $102.58 -3.00; August $101.48 -2.98; Feeder cattle –April $133.33 -4.50; May $134.03 -4.48; August $140.43 -4.00; September $141.33 -3.98; May corn closed at $3.88 up $0.14 from Thursday.



Restricted HTML

  • Allowed HTML tags: <a href hreflang> <em> <strong> <cite> <blockquote cite> <code> <ul type> <ol start type> <li> <dl> <dt> <dd> <h2 id> <h3 id> <h4 id> <h5 id> <h6 id>
  • Lines and paragraphs break automatically.
  • Web page addresses and email addresses turn into links automatically.
Submitted by Joy Ofeimu on Wed, 04/04/2018 - 03:31

Dr Jack, Here is my testimony from a Heart Warming indebted Client (Joy Ofeimu from United states)

I will try to make this short as possible. In July I found out that my husband of almost 17yrs was having an affair and he actually brought this woman to my home. I was devastated to say the least. I met my husband 18yrs ago and he swept me off my feet and we got married 11 months after we met. We had a great marriage (I thought) we have two beautiful boys. In 2015 we moved 800 miles away to a very small town due to his job. I quit my high paying job at a company that I had worked at for 14yrs to move away from my family and job/career to be a stay at home mom. Then here we are 2 and 1/2 years later going through a divorce and no job. I felt schizophrenic going through all of these emotions from acceptance, to denial, to how can this be and back again. I tried all the best effort i could to get him back from this woman whom he was having an affair with, and make him see how much i love to be with him. but he insisted he never wanted to be with me anymore. Its was almost 4 months since he started living with this other woman, then i decided to use Dr. Jack spells for help because i had no other choice and i felt everything was lost to me. I had the most wonderful and happy marriage after using his spell in just 48 hours, and that was how my marital life was fixed back to its right track. If you are one of the people who is in a loveless and unhappy marriage that cannot be salvaged (and you can only determine that by being very honest with yourself), believe me...there is light at the end of this tunnel. Here is his Email: or

Call him +2348138289852

Submitted by THERESA WILLIAMS on Thu, 04/05/2018 - 16:14

Hello, I am Theresa Williams After being in relationship with Anderson for years, he broke up with me, I did everything possible to bring him back but all was in vain, I wanted him back so much because of the love I have for him, I begged him with everything, I made promises but he refused. I explained my problem to my friend and she suggested that I should rather contact a spell caster that could help me cast a spell to bring him back but I am the type that never believed in spell, I had no choice than to try it, I mailed the spell caster, and he told me there was no problem that everything will be okay before three days, that my ex will return to me before three days, he cast the spell and surprisingly in the second day, it was around 4 pm. My ex called me, I was so surprised, I answered the call and all he said was that he was so sorry for everything that happened that he wanted me to return to him, that he loves me so much. I was so happy and went to him that was how we started living together happily again. Since then, I have made promise that anybody I know that have a relationship problem, I would be of help to such person by referring him or her to the only real and powerful spell caster who helped me with my own problem. email: {} you can email him if you need his assistance in your relationship or any other Case.

1) Love Spells
2) Lost Love Spells
3) Divorce Spells
4) Marriage Spells
5) Binding Spell.
6) Breakup Spells
7) Banish a past Lover
8.) You want to be promoted in your office/ Lottery spell
9) want to satisfy your lover
Contact this great man if you are having any problem for a lasting solution
through {}

In reply to by Joy Ofeimu (not verified)

Submitted by Jessica Jackson on Wed, 04/04/2018 - 23:10

I have something to share with you!!! There is a great joy in my heart which I want to share with everyone. My name is Jessica Jackson, from united States. I had a misunderstanding with my lover last year which led us to break up and he never wanted to hear my voice again. He saw a beautiful woman which he find more prettier than me, but as time went on I met god Dr Purity He is a great spell caster. I contacted him through his email and explained everything to him. He said that I shouldn't worry, that my lover will come back to me on his knees begging for forgiveness before 24 hours. My greatest joy now is that he actually came back to me and fell on his knees begging for forgiveness, and today we are happy and he also cured my Sister's breast cancer. Do you have any problem? worry no more because Dr Purity can provide lasting spell solution to any problems:email him or call him +2348070980389 or add him on whats- app +2348070980389

(1)If you want your ex back.

(2)You want to be promoted in your office.

(3)If you want to be cured of HIV, Cancers and other diseases.

(4)You want to be rich.

(5)You want your husband/wife to be yours forever.

(6)If you need financial assistance.

(7)If you went to get pregnant.

Submitted by Olivia Stephen form Tx,USA on Tue, 04/17/2018 - 21:01

Save Your Relationship and Get Your Ex Boyfriend/Girlfriend Back!contact: is certainly the best spell caster online and his result is 100% guarantee.
My Name Olivia Stephen form Tx,USA. After 12years of marriage, me and my husband has been into one quarrel or the other until he finally left me and moved to California to be with another woman. I felt my life was over and my kids thought they would never see their father again. i tried to be strong just for the kids but i could not control the pains that torments my heart, my heart was filled with sorrows and pains because i was really in love with my husband. Every day and night i think of him and always wish he would come back to me, I was really upset and i needed help, so i searched for help online and I came across a website that suggested that Dr Unity can help get ex back fast. So, I felt I should give him a try. I contacted him and he told me what to do and i did it then he did a Love spell for me. 28 hours later, my husband really called me and told me that he miss me and the kids so much, So Amazing!! So that was how he came back that same day,with lots of love and joy,and he apologized for his mistake,and for the pain he caused me and the kids. Then from that day,our Marriage was now stronger than how it were before, All thanks to Dr Unity. he is so powerful and i decided to share my story on the internet that Dr.Unity real and powerful spell caster who i will always pray to live long to help his children in the time of trouble, if you are here and you need your Ex back or your husband moved to another woman, do not cry anymore, contact this powerful spell caster now. Here’s his contact:Email him at: ,or Call/WhatsApp him on:+2348071622464 ,his website: .