CattleFax for the Week of January 24, 2011

The fed cattle market was $1 to $2 lower last week as cattle in the North sold mostly at $106 on a cash basis. Dressed sales were found at $170 to $172. Trade in Kansas and Texas occurred at mainly $106. Volumes were light to moderate. Boxed beef values were higher this week as the slaughter stayed reduced and asking prices increased. Volumes were moderate at best for that side of the business. Feeder cattle, calf and slaughter cow prices were sharply higher and are trading at all-time highs. Most classes averaged $4 higher for the week, but sales in certain areas and weight ranges were as much as $10 higher, especially early in the week. Corn was higher on the week as well. A Cattle On Feed report came out today. On Feed was noted at 105%, trade estimates were 104%. Placements came in at 116%, the trade was expecting 112.1%. Marketings were noted at 105%, pre-report estimates were 104.7%. For recent market news and analysis, visit www.cattlefax.com.

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This entry was posted in Markets.

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