Fed cattle prices fell on a live basis and beef prices also saw a slight decrease.
Beef and cattle prices dropped this past week, but it's still a profitable time to be in the beef industry.
This type of late-summer moisture provides several opportunities for enhanced fall grazing.
Cattle markets rallied again the first full week of August with both fed cattle and feeders reported at $3 per cwt. higher.
When purchasing replacement heifers producers face many factors that should be considered.
Last week’s $1 per cwt retreat in cash cattle prices took feedyard margins only modestly lower.
Beef cutout prices trended about $2.80 per cwt. higher to $256.37, and packer margins improved more than $26 per head, resulting in losses of $15 on every animal processed.
U.S. feedlots unexpectedly increased the number of cattle purchased in December compared with a year earlier, a government report showed.