CattleFax for March 28, 2011

The fed cattle marker was even to $2 higher in the live market last week with the gains noted in the northern markets due to tight supplies in that region. In the South, sales were collected at $113 to $114 while in the North, trade ranged from mostly $114 to $116 on a live basis and $185 to late week tops of $190 to $191, which is up $1 to $6 for the dressed trade. Trade volumes were moderate. Boxed beef prices gave up ground late to close slightly lower. Demand was limited as end cuts began to come under seasonal pressure. Volume on that side was moderate at best. Feeder cattle values were unevenly steady with strength noted late week while calves and cattle eligible for grass were $3 to $5 better. Slaughter cow prices were mostly steady for the week reflecting some weakness in the trimming market. Corn prices resumed their upward price march; all eyes will now be on the USDA planting intentions report due out next Thursday, as well as an increase in export sales. For recent market news and analysis, visit CattleFax.com.

Advertisements
This entry was posted in Markets.

Tell us what you think.

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

WordPress.com Logo

You are commenting using your WordPress.com 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 )

Google+ photo

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

Connecting to %s