Tag Archives: beef market

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Less cattle, more Prime

Less cattle = more Prime? It doesn’t take a mathematician to think, “Something doesn’t add up.” Fed steer and heifer harvest is down 6.2% for the first 32 weeks of the year, but it’s no even distribution across all quality grades. “In pounds of Prime, we’re up 2.5% to 3% [from 2013], and adding in […]

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Expectations

“Record high cattle prices!” When you’re sharing news like that at a cattle industry outlook seminar, you’d expect the audience to be teeming with excitement. That is if it’s a crowd of cow-calf producers. Mark attended the CattleFax 2014 Outlook and Strategies Session last week where he said the mood was decidedly mixed. “The audience is […]

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The Meat Market
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Surprise sales lead to restocking

Here’s your Meat Market Minute: Federally Inspected harvest was up 9,000 going into last Saturday’s production, however, packers pulled back and only processed an estimated 2,000 head more than the previous week. Despite the incremental increase, overall beef production was noted as being just par because of carcass weights slipping 1 pound lower. Fed cattle trade saw […]

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The Meat Market
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Beef: packers gotta have it

Here’s your weekly Meat Market Minute: Live cattle traded steady in the South and slightly up in the North for an average of $123 last week. That was a victory for cattle feeders amid the second consecutive week of significantly reduced production as packers tried to back away from the higher prices. The reduction in harvested numbers continues […]

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The Meat Market
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Cattle price finds support despite beef harvest decline

Here’s your weekly Meat Market Minute: Production was significantly cut on Monday of last week as packers worked to minimize losses and regain position. That day’s federally inspected harvest was estimated at only 97,000 head, down 33,000 from the Monday before and setting the pace for a final weekly total 6.4% lower. Despite that, packers found themselves paying […]

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