The fed cattle market was quoted mostly $.50 to $1 lower last week with trade in the South in a full range of $105 to $106.50, while the
North was primarily $105 to $105.50 live and $168 to $170 dressed. Volumes nationwide were light to moderate. The boxed beef market advanced as short bought buyers coming out of the holidays competed for quick ship items. Ends and trimmings continue to be in the most demand. Volumes on that side remained limited. Feeder cattle prices were $2 to $5 higher as compared to pre-holiday levels while calves were $5 to $10 firmer, again compared to before the holidays. Slaughter cows over that period were mostly $2 to $5 higher. Corn values dropped modestly this week; all eyes will be on the USDA crop production report to be issued on Jan. 12 for further market direction.

This entry was posted in Markets.

Tell us what you think.

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s