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Drovers Weekly Cattle Markets Update

Here's this week's update on cattle prices.

Identify ‘Dud’ Bulls With A Breeding Soundness Exam. Free Webinar Offered

DVMs Bob Larson and Jennifer Koziol will discuss how to evaluate bulls so only those that can get a high percentage of exposed cows pregnant in a short period of time are turned out into the breeding pasture this spring.

heifer auction
Relationships Build Resiliency

Livestock auction markets are built on relationships, but for LMA member market owners and employees, the importance of relationships isn't limited to sale day.

Hulett: Fed Cattle Steady as Board Falls

Packers, as usual, were in a position of leverage and needed very little cattle for the next week’s harvest. This continues to be the biggest problem with driving the cash price higher.

Beef Industry Optimism Fueled By Strong Demand

Cattle numbers will continue to contract in 2021, and producers will gain leverage on packers and retailers and margin distribution will be more equitable, according to CattleFax.

Peel: U.S. Beef Exports Expected To Increase

U.S. beef exports are expected to increase modestly in 2021 to reach the second highest level behind the 2018 export record. A key to export growth includes continued growth in the China/Hong Kong market.

Meat Institute Asks Supreme Court to Review Case Against California’s Prop 12

The Meat Institute filed a petition asking the Supreme Court to review an earlier ruling of the Meat Institute’s challenge to the constitutionality of California’s Proposition 12.

Wholesale Beef Higher, But Cash Cattle Struggle

Beef packers continued to maintain their strangle-hold on the market this week. Rising boxed beef cutout prices will pad packer profits – likely to exceed $400 per head.