Drovers Weekly Cattle Markets Update

Here's the latest on cattle market prices and margins. Check this page every Monday for the newest analysis and be the first in the know by signing up for the Drovers' weekly market text alerts by texting "Cattle" to 31313.

For the week of February 19:

Cash Cattle Higher, COF Up 1%

Negotiated cash cattle prices traded higher in all regions while many feeder cattle auctions were cancelled due to winter snow and brutal cold temperatures. Cattle on Feed called 1% higher on February 1 compared to last year.

Stocker and Feeder Cattle Higher

Last week’s winter storm and brutally cold temperatures caused many auction markets to cancel sales. Those that were open saw stocker and feeder cattle prices higher.

Hulett: Weather Slows Beef Production in the South

Beef production slowed to a virtual standstill in the South due to extreme winter weather. Heavy demand on electricity and natural gas limited packers from running at capacity, and their need for inventory was limited.

Peel: Cattle on Feed and Feeder Supplies

The feedlot situation in early 2021 is a carryover from the disruptions and unusual dynamics last year.  For the entire year in 2020, feedlot placements were down 4.0 percent. 

 

Latest News

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.

What Technology Would Catch Your Eye If You Won the Lottery?

The latest Drovers Pulse Poll found calf care would take the top priority if cost wasn’t an issue.

Biden’s Top Trade Pick Vows to Stay Tough on China

Congress got a clearer view of President Biden’s trade agenda this week as the Senate Finance Committee questioned Katherine Tai, Biden's nominee to serve as the United States Trade Representative.

Effects of Transporting Cattle on Auction Prices

Researchers at Kansas State University analyzed 211 livestock video auctions and determined that trucking distance has an effect on the price that buyers are willing to pay.

Targeted Online Learning on Biosecurity

To further support cattle producers across the country the Beef Checkoff-funded Beef Quality Assurance (BQA) program has released the first in a series of Advanced Education Modules.

Beyond Meat Clinches Coveted Deals with Mcdonald's, Yum Brands

Plant-based meat maker Beyond Meat said on Thursday it has signed multi-year supply deals with McDonald’s Corp and Taco Bell owner Yum! Brands Inc.