Fast Opening to Market Drives Cash Lower

Cash cattle traded lower
Cash cattle traded lower
(CBP)

Cash cattle trading started early last week as cattle feeders in Texas began on Monday by accepting cash bids a dollar lower.  The lower trades set the market for all the other regions for the week.  On the whole, the weekly price was $104 to $107, with most cattle trading at $105 per cwt., $1 to $2 lower.

The North was not spared from the down turn, with cash prices mostly $104 to $107 per cwt., and dressed trade ranging from $165 to $167.  

Not all of packers participated in last week’s trade, but those that did appeared to want to take on good inventory.  The increased inventory was likely a result of the combination of the needed supplies due to shorter buys in higher cash market weeks, and how easily the trade developed at lower money.  Packers will buy for a short Labor Day week.  How the market will settle will be determined on if the feeder can hold, or if the packer will force their hand with the need for fewer cattle.

 

Latest News

Biden Administration Restores Wildlife Protections
Biden Administration Restores Wildlife Protections

The U.S. Fish and Wildlife Service plans to reinstate rules protecting endangered plants and animals, action that would reverse changes made during the Trump Administration that weakened the Endangered Species Act.

Across Breed EPD Adjustment Factors
Across Breed EPD Adjustment Factors

EPDs from multiple breeds can be compared by adding/subtracting the appropriate adjustment factors to the EPDs resulting from the most recent genetic evaluations for each of 18 breeds.

APHIS Now Thinks Wild Birds Are to Blame for Highly Pathogenic Avian Influenza's Arrival on Four U.S. Dairies
APHIS Now Thinks Wild Birds Are to Blame for Highly Pathogenic Avian Influenza's Arrival on Four U.S. Dairies

The livestock industry continues to grapple with the first confirmed cases of HPAI in cattle, while federal and state agencies continue to assure consumers there's no concern about the safety of the U.S. milk supply.

Skills Survey Reveals U.S. Agriculture & Food Industry Workforce Needs and Gaps
Skills Survey Reveals U.S. Agriculture & Food Industry Workforce Needs and Gaps

U.S. employers report challenges in finding suitable job candidates with work-ready skills to fill open roles in ag. The AgCareers.com U.S. Skills Survey offers insights, data and trends to address skill development.

USDA Authorizes CRP Graze and Hay Donations to Wildfire Victims
USDA Authorizes CRP Graze and Hay Donations to Wildfire Victims

Conservation Reserve Program (CRP) participants can donate emergency grazing authority to ranchers in Nebraska, Oklahoma and Texas impacted by recent wildfires.

New Guide Helps Producers Maximize Values of Cull Cows
New Guide Helps Producers Maximize Values of Cull Cows

A new resource developed by the National Cattlemen’s Beef Association and CattleFax helps cattle producers maximize profitability from their culling decisions.