Tag Archives: David O”Diam

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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The Meat Market
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Beef market setback may spur featuring

Here’s your weekly meat market minute:Most live cattle trade occurred at $122/cwt last week, $3.80 below the previous. Decreases in spot cash values ran over into the Futures market by mid-week (Wednesday) as continued pressure was applied by losses seen in the 50CL or 50% lean trimmings market. According to Cattle Buyers Weekly, 50CL values […]

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The Meat Market
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Beef price, volume down

Welcome to your weekly Meat Market Minute.Cattle traded even to slightly down last week ($125/cwt) as the futures market saw significant downward pressure, giving up $4 through the week to end at $120.45 for April going into this month. One would expect spot values to be lower given weakness in the forward month, but show lists continue relatively small, […]

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The Meat Market
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Making the best of beef

Here’s your latest Meat Market Minute: Live cattle traded early last week as a small rally in the futures market on Wednesday encouraged packers to increase their bids to $126, steady with previous week levels. Production was well under previous year and 2.3% down from the week before in number of head harvested. Carcass weights, however, continue […]

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The Meat Market
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More better beef

Welcome to this week’s Meat Market Minute. Federally Inspected slaughter made a high-water mark for this year at 621,000, the largest harvest since the second week of December, and a 4.9% increase over the previous week. The increase came as packers paid a new record price for fed cattle at $130, after trading a small amount of cattle on […]

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