Cattle Prices Lower For a Third Week

August 22, 2014 10:33 AM
Cattle Prices Lower For a Third Week

Cattle prices continue to skid for the third week in a row.

Cash fed cattle traded another $2 to $3 per cwt. lower this week as packers appeared to hold the leverage in the market for the third consecutive week. Cattle traded at $152 to $153 per cwt., fully $13 per cwt. lower than the market high of $166 recorded three weeks ago. On a dressed basis, cattle sold from $240 to $242.

Feeder cattle and calves were called uneven, with calves trading in a range of steady to $5 higher and steady to $5 lower. Yearling cattle sold mostly steady to $5 lower, though demand remain strong.

Boxed beef prices traded significantly lower, with Choice values declining $6.28 for the week to close Friday at $250.20. Select values lost $7.75 to close Friday at $240.07. The Choice/Select spread was $10.13. Consumer demand is called softer due to the late summer heat.

Slaughter cows sold steady to $4 lower. Slaughter bulls steady to $2 lower. USDA's Cutter cow carcass cut-out value Friday morning was 233.95 up 13 cents from last Friday.

USDA’s monthly cattle on feed report was released Friday, showing a 7 % decline in placements compared to July of last year. Total feedlot inventories were down 2 %, while marketings were pegged at 9 % below last year.

Back to news

Million Dollar Wildfire Relief Challenge

Click here to learn more about the Million Dollar Wildfire Relief Challenge, and see how you can help in the rebuilding effort.




Spell Check

No comments have been posted to this News Article

Corn College TV Education Series


Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!


Market Data provided by