Cash Fed Cattle Advance $1

Negotiated cash cattle prices advanced $1
Negotiated cash cattle prices advanced $1
(OSU)

Cattle feeders were thankful for last week’s $1 advance in cash prices while beef packers continue operating with Texas-size margins.

Cash cattle prices were mostly at $111 in all regions, with a few cattle in the South at $112 on Friday. Dressed sales in the North were at $174, about $2 higher.

Live cattle futures slipped lower Friday but still closed above support. February live cattle fell 92.5 cents to $113.25, up $2.60 for the week. March feeder cattle futures slipped 27.5 cents to $139.00, paring its weekly gain to $4.625.

Friday’s Choice boxed beef closed at $242.85, up $4.50 from the previous week. Select cutout closed at $220.68 per cwt., $5.70 higher than the previous Friday. Beef packer margins are estimated in excess of $500 per head.

Estimated cattle slaughter under federal inspection last week was 564,000, about 101,000 less than the previous week and 9,000 more than the same week a year ago.

Steers and heifers were lightly tested at auctions on a national basis this week due to the Thanksgiving Day. Auction receipts totaled 112,300 head compared to 321,900 head the previous week and 58,600 for the same week a year ago.

 

Latest News

Winter cattle feeding
Cash Cattle Weaker As Grain Rallies

Cash cattle prices slipped lower throughout the week as packer demand was called moderate. Grain markets posted a significant rally on the heels of USDA's report on Tuesday.

2 hours ago
Packing plant workers
Fired Tyson Managers: ‘Betting Pool’ Stories Distorted

Former Tyson Foods Waterloo, Iowa, plant managers dispute claims of how an "office pool" regarding COVID-19 was portrayed in news stories and deny it was about how many employees would contract the virus.

1 hour ago
Dream Lake with Hallett Peak in the background, at Rocky Mountain National Park.
Hi-Plains Researchers To Help Protect Rocky Mountain National Park

A Texas A&M AgriLife team will work with the Colorado Livestock Association and other stakeholders to refine and evaluate practices to reduce agricultural ammonia emissions into Colorado’s Rocky Mountain National Park.

12 min ago
AL Ranch
Beef. It’s What’s For Dinner. Launches “MBA NextGen”

MBA NextGen updates the popular MBA training modules making it easier than ever for a new generation of farmers and ranchers to share their story and advocate knowledgeably for the beef industry.

8 min ago
Greg Henderson
Overall Meat Sales Higher In 2020

Meat sales - both dollar values and volume - were significantly higher in 2020. Those gains, however, came at the expense of a crippled restaurant and food service industry that may take years to recover.

9 min ago
Progressive Beef
Progressive Beef and Wendy’s® Advance Partnership

Wendy's announces 15% increase in percentage of beef sourced through Progressive Beef-certified producers in 2020; on track to meet goal of at least 50% this year.

14 min ago