The first hint of green grass was evident throughout much of the Midwest last week, and moisture across the High Plains was welcome with warmer weather on the way. Demand for grass cattle was high.
The calendar still read January the last time cattle prices saw an advance. Cattle feeders believed they were gaining market leverage and demand might soon spike. Instead, cattle finished a sixth week trading steady.
A 1,500-pound steer escaped Feb. 4 while unloading at Rhode Island Beef and Veal, a slaughterhouse in Johnston. The steer is rather wily as he has only been seen a handful of times in the six weeks since his escape.
The Hamilton Ranch in Kansas’ Flint Hills has been listed by Hall & Hall. The 5,152-acre ranch is comprised mostly of native prairie grasses and is located in Greenwood County.
Australian mining billionaire Gina Rinehart intends to sell her portfolio of seven cattle stations in Western Australia and the Northern Territory, including a herd of 108,000 head of cattle.
The CME Group has begun publishing a Boxed Beef Index, a new pricing tool that tracks daily value further down the supply chain, focusing on the prices paid for Choice and Select cuts of beef.
U.S. beef and pork exports began 2021 lower than year-ago, yet the USMEF remains optimistic as the retail meat demand remains strong and the expectation is that foodservice will rebound in more regions.
For the second consecutive week, feeder cattle auction receipts increased substantially following February’s storms. Prices, however, declined again for the second week as demand was called moderate to good.
The first week of March saw warm temperatures across most of the Central Plains, but cash cattle prices were frozen in neutral with feeders unable to wrangle additional market leverage.
While Tyson’s lawyers were filing a lawsuit on Monday against one of the packer’s largest cattle suppliers, the ink was still drying on the sale of one of that supplier’s feedlots to one of Tyson’s competitors.
