Stocker and feeder cattle sold higher at auctions last week, but pressure on prices may develop as a result of the the WASDE report which projects smaller corn and soybean acres and higher grains prices.
For his immeasurable impact on the industry and the people in it, Matsushima will receive the 2020 Feeding Quality Forum Industry Achievement Award. He’ll be recognized during the virtual event, slated for Aug. 25-26.
Cash cattle prices moved higher again for the sixth consecutive week, with the North still trading premium to the South. Feedyards in the South appear to be cleaning up faster than expected.
Negotiated cash fed cattle trade was called “moderate to active” this week. Surging box beef prices coupled with improved feedyard market leverage spurred prices higher.
The fed steer and heifer market keeps working toward normalized levels, but at a very slow pace. Last week’s $101/cwt. steer price was roughly a dollar higher than the week prior.
Negotiated cash cattle prices pushed higher again for the sixth consecutive week as feedyards have gained some market leverage with declining supplies.
Cattle feeders saw continued higher prices in the cash market last week with cattle in the South trading at $99 to $100, with the majority of the cattle going at the higher end.
Vytelle announces through its GrowSafe business the launch of the Beef Marketing Program to monitor individual animal performance, predict carcass weight and optimally market cattle in the feedlot.
