Herd rebuilding now has packer harvest capacity nearly maxed out and, with more quality cattle in the mix, we۪ve seen the largest weekly supplies of CAB carcasses on record.
There’s no question that carcass weights were significantly lower in January than they would have been given a more typical weather pattern for the month.
Data for the final week of August is yet to be posted but it’s a formality at this juncture, given the pace of CAB-qualifying carcasses in the first 3 ½ weeks.
The fed cattle market over the past two weeks has declined $3/cwt. from the January high of $124/cwt.
November turkey demand provides a brief respite to seasonally increasing beef values, normally peaking in early December after a final post-Thanksgiving surge.
Spring beef markets tend to be predictably unpredictable in the past few years with extremes in price, cattle supply and quality grade changes.
Weakness remains the theme in the fed cattle market as last week۪s average came in just under $105/cwt., a $2 decline from the week prior. The total federally inspected harvest was smaller than expected at 622K, 2.7% s
Seasonality and the conclusion of the Labor Day holiday were easy indicators that the market would be weaker in both the live cattle and boxed beef segments.