We are now fully transitioning into a primary calf selling time of the year for cow-calf producers and into an active buying time for stocker producers.
The softening that is taking place in today’s market seems to have more to do with the seasonal price patterns established through supply and demand factors.
At this point in early August, we’ve added the June and July head harvest counts only to see steer harvest not only failed to increase in the year-over-year numbers, but actually declined.
Research by the University of Nebraska investigating summer dry lotting of cow-calf pairs has shown seasonal dry lotting can be a cost competitive option to traditional production systems.
Moving through the second half of 2018, the picture will become even clearer as the fall run of calves come to market and as producers continue to cull cows.
Sam Kane Beef Processors LLC agreed to promptly repay nearly $38 million in payments owed to livestock sellers, as two complaints were filed saying the company violated the Packers and Stockyards Act.
The past decade shows a 23 percentage point improvement in marbling across Texas packers, matching that of Kansas if we use 2008 to the mid-year 2018 figures.
Cash market prices topped out for the year in February when the weekly 5-market average was $129.75 per cwt. (live basis) and prices eroded only to rebound slightly in May to $124.81.
Average beef carcass cutout values in 2018 so far are just slightly higher than a year ago with the comprehensive cutout up just a penny over the first half of 2017 at $2.14/cwt.