Paul Dykstra

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Market update for week of Oct. 23 and a look at how carcass weigh and ribeye sizes correlates..
Weekly fed cattle harvest of the latest four weeks have featured head counts larger than a year ago with an average of 496,750 per week, a 2.1% increase for the period compared to 2023.
Harvested fed steer and heifer head counts outpaced the same weeks in 2023, with 501K and 492K in the past two weeks.
Current supply metrics have boosted the value of Select carcasses as a reflection of less lean trim with lower cull cow volume. Fed cattle sector still finds highest return as carcass quality increases.
A look beyond last week’s headline news surrounding the sell-off in both Live Cattle and Feeder Cattle futures.
Quality grades continue to run high as record-heavy seasonal carcass weights meter out marbling-rich product in fed steer and heifer plants.
Reports from several feeders indicate that the 2023 spring-born calves, now being harvested, spent more days in the feedyard this year than in more typical recent years.
Cattle feeders report that 2023 spring-born calves, now being harvested, spent more days in the feedyard this year than in more typical recent years.
It’s a good sign for the supply chain as analyst estimates of packer margins suggest profits in the $20 per head range in recent days.
Aside from the added carcass tonnage, the leap in carcass weights - driven by extra days on feed - has generated a noted shift in carcass marbling and quality grade achievement.