Sep 20, 2014
Home | Tools| Events| Blogs| Discussions Sign UpLogin

Cash Cattle Prices Follow Futures Lower

August 15, 2014
By: Greg Henderson, Beef Today Editorial Director
Kansas Stocker Cattle
  
 
 

All classes of cattle and calves traded lower this week, pulled down by the bear’s strangle hold on the futures markets. Cattle futures took a drubbing on Tuesday and Wednesday of this week, with a modest rebound late in the week. Deferred live cattle futures are now $10 per cwt. lower than recent highs.

Cash fed cattle traded $3 to $7 per cwt. lower for the week at $153 to $156. Dressed sales sold at $240 to $243, mostly $240.   Boxed beef prices Friday morning averaged $253.12, which is $4.39 lower than last Friday. The Choice/Select spread is $5.83.

Feeder cattle and calves traded weak to $5 per cwt. lower, with spots $10 lower. USDA Market News reporter Corbitt Wall says feeder cattle numbers remain limited and demand remains very good for all offerings with buyers still holding plenty of orders.

"Many market watchers feel the market has been too top heavy but the market still has a lot of optimism and activity as most markets reported demand very good," Wall says.

Slaughter cows sold steady to $2 per cwt. higher, with the exception of the western region trading $2 lower. Slaughter bulls traded mostly $3 lower. USDA's Cutter cow carcass cut-out value Friday morning was $233.68 up 3.15 from last Friday.

See Comments


 

MARKETS

CROPSLIVESTOCKFINANCEENERGYMETALS
Market Data provided by Barchart.com
Enter Zip Code below to view live local results:
bayer
 
 
The Home Page of Agriculture
© 2014 Farm Journal, Inc. All Rights Reserved|Web site design and development by AmericanEagle.com|Site Map|Privacy Policy|Terms & Conditions