Auction prices for calves were called steady to $5 lower by AMS, while yearling cattle traded steady to $3 lower.
Meaningful change isn’t accomplished overnight. More often, it happens slowly by chipping away piece by piece until something new suddenly takes shape.
Boxed beef cutout values continue to perform like the early days of Bitcoin trading, with Choice advancing $84 per cwt. since last Friday.
Friday's jobs report was somewhat encouraging. More people with jobs is positive for meat demand.
We are now fully transitioning into a primary calf selling time of the year for cow-calf producers and into an active buying time for stocker producers.
Provide the proper supplementation to meet the current needs of the cow herd or reduce inventory.
Negotiated fed cattle trades volumes were higher with the 5-area near 95,000 head. Despite the active cash trade, fed cattle prices traded $5 to $6 lower at $98 to $105, with the bulk of trades at $100 to $102.
U.S. beef exports were down 24.9% in September compared to a year earlier with decreases in exports to all of our major foreign customers.