Latest News From Market Reports

Did outside factors or did cash trade cresting at $110 create the sell off Friday?  This week’s cash bids from the packer might be the best answer to that question. 

Market analysts see signs that feedyards have significantly reduced the COVID-19-induced backlog of cattle and are regaining currentness, also a key factor in the recent market rally.

The rally in the cattle markets continued this week with solid gains in both cash fed cattle and the boxed beef cutout. Cash cattle prices are now at a level not seen since late June.

In the last CAB Insider, we reported on a rapidly retreating fed cattle market scenario. However, much has changed in the two-week interim.

Cattle markets entered November with solid gains across all sectors. Fed cattle rebounded with higher prices in all regions while feeder cattle jumped $2 to $7 per cwt.

Markets will no doubt evolve this fall and producers must continue to evaluate winter grazing potential under dynamic market conditions and profit potential may vary widely.

Cattle prices rallied for the seventh consecutive week, adding $12 per cwt. over that span. Cattle on feed numbers were up 2% Aug. 1, with July placements up 11%.

Steers and heifers sold higher at auctions on the Northern Plains, with feeder cattle trading uneven at auctions in the Southeast and South Central regions.