Hulett: Fed Prices Take A Step Back

.
.
(CBP)

The holiday shortened work week was evident in the number of cattle that packers needed last week.  Most regions saw limited packer participation.  The South saw their market fall a dollar to $141.  This was due to low volume needed by the packer due to holidays and down time.

Cattle feeders in the North experienced the same pull back as the South.  Cash cattle traded $142-$143 and dressed cattle $228-$232, with limited trade in the region.

There are several people in the industry who feel that this pull back in prices is short term.  Packers have reduced their inventories and will more than likely have to come back and reload this week.  Some competition between packers should help move this market higher. 

 

Latest News

Quantifying the Value of Good Management
Quantifying the Value of Good Management

Historically low current US cowherd inventories and limited evidence of heifer retention indicates the robust markets we currently enjoy should be sustained for at least the next couple of years.

Properly Prepared Beef Remains Safe; Meat Institute Calls For Guidance to Protect Workers at Beef Facilities
Properly Prepared Beef Remains Safe; Meat Institute Calls For Guidance to Protect Workers at Beef Facilities

The Meat Institute said properly prepared beef remains safe to eat and called for USDA and the CDC to provide worker safety guidance specific to beef processors to ensure workers are protected from infection.

 A Message to the Ag Industry about H5N1
A Message to the Ag Industry about H5N1

The livestock industry needs a comprehensive, cohesive plan to address the virus. Producers, their employees and veterinarians need clear answers and support from U.S. agricultural leadership, moving forward.

USDA Now Requiring Mandatory Testing and Reporting of HPAI in Dairy Cattle as New Data Suggests Virus Outbreak is More Widespread
USDA Now Requiring Mandatory Testing and Reporting of HPAI in Dairy Cattle as New Data Suggests Virus Outbreak is More Widespread

USDA is now ordering all dairy cattle must be tested prior to interstate travel as a way to help stop the spread of HPAI H5N1. This comes a day after FDA confirmed virus genetic material was found in retail milk samples.

Lessons Learned After Disaster
Lessons Learned After Disaster

Recently we were reminded of the devasting impacts of Mother Nature during the wildfires that destroyed parts of Oklahoma and Texas. There is a lot to learn from such events so we can be better prepared in the future.

Mistrial Declared in Arizona Rancher’s Murder Trial
Mistrial Declared in Arizona Rancher’s Murder Trial

A lone juror stood between rancher George Kelly and innocent. “It is what it is, and it will be what it will be. Let me go home, okay?”