November turkey demand provides a brief respite to seasonally increasing beef values, normally peaking in early December after a final post-Thanksgiving surge.
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.
Looking forward, some may question whether feedyards will continue to take cattle to the same days on feed for their grid or formula-bound pens in 2019 as they did a year earlier if the lower Prime value continues.
