Beef packers could be moving into a period with smaller inventories, which may prompt them to push prices higher. CME futures prices will again have an impact on the cash trade.
If you are targeting selling your calves during one of this fall's value-added or preconditioned sales, be mindful some of the required weaning dates are only days away.
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.
