Prices for feeder steers over 650 pounds were also higher compared to the previous week. However, prices for steers between 550 and 650 pounds declined compared to the previous week.
It may be likely that the spring calf market has peaked.
With December totals yet to be recorded, U.S. beef exports already set a new full-year value record of $6.49 billion during the first 11 months of 2014.
There are few losers in the cattle market right now. From packers all the way down to cow-calf producers, current prices this summer are turning profits far into what is typically a seasonal lull.
While packer margins e
U.S. beef production for 2015 is forecast to be higher thanks to increasing carcass weights.
U.S. Federally Inspected steer and heifer slaughter for 2018’s first quarter was nearly 1% above a year ago.
U.S. beef production is projected to be lower than originally expected for 2014.
Beef production is looking to increase from original projections, while exports are dropping off a bit.