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.
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.
USDA's latest steer and heifer grading report shows Prime carcasses totaled 9.6%, the highest level on record, with Choice accounting for 71%.
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.
There have been astounding increases in the Prime grade and to a smaller degree, the Certified Angus Beef brand and the best combination of the two, Certified Angus Beef brand Prime.
May is Beef Month and the push for sales in volume is underway, driven on the promise of spring grilling demand.