Sideways Cattle Market Continues

Cash cattle sold at steady prices
Cash cattle sold at steady prices
(CBP)

The cattle market is holding steady to current cash prices without a push from any direction positive or negative. Cattle feeders took advantage of packers needs to ship cattle in the seven-day window. 

The south continued their trade at $124 last week, and the north continued with steady money with cash trade $124-$125, depending on the region, and dressed cattle at $200

The market is sitting in a holding position in this mid $120’s range, and the movement is anticipated to remain flat for the short-term. February could see a possible upward movement in the market due to lower cattle supplies.  If beef continues to move upward, and packers continue at the same rate of harvest while the show lists get shorter, feedyards could find a favorable cash market.

Related stories:

Fed Cattle Steady, COF 2% Higher

 

Latest News

Grandin, Mitloehner, Serve Up Facts About Animal Ag and Greenhouse Gasses

How can livestock production be a part of the solution? Temple Grandin and Frank Mitloehner discussed strides in sustainability and the future at the Online Top Producer Summit and Trust in Food Symposium.

.
Program Helps Give Calves A Healthy Edge

Purina Animal Nutrition introduces Purina® Plus, an innovative feeder calf program, which aims to help cattle producers supply high-value, low-risk feeder calves to the marketplace.

.
Adding Up Pennies

The “Discovering True Carcass Value Webinar” sponsored by Certified Angus Beef will explore cutout values and how CAB carcasses add value beyond Choice.

Rana Creek Ranch
Glenn Selk: Riding Off Into The Sunset

Oklahoma State University Emeritus Extension Animal Scientist Glenn Selk announces he is handing over publication of future Cow-Calf Newsletters to other OSU beef specialists.

Gearhart Ranch
NCBA Delivers State of the Industry Address

National Cattlemen’s Beef Association spokesmen gave an update on the state of the industry and priority issues in Washington, D.C. that may affect cattlemen during the group’s virtual Winter Reboot conference.

Pilgrim’s Pride Agrees To Price-Fixing Fine

Pilgrim's Pride, the nation's second-largest poultry processor, entered a guilty plea to federal charges of price-fixing and bid-rigging, the Department of Justice said on Tuesday.