![]() Beef producers are able to measure the marketing price for their cattle compared to the national averages. The report summarizes the distributed price levels for each category of sale such as Negotiated/Formula/Forward Contracts. On Tuesday of each week, USDA releases a weighted average price report for all cattle sold the previous week. While heavy discounts in August encourage cattle owners to market early, the numbers are not yet available to hold carcass grade and yield.īenchmarking. Futures were higher this week as June expires today and August becomes the spot month. Extreme heat seems limited to Texas while the balance of the country will feature more normalized temperatures and rainfall.Ĭattle Futures. Processing margins have increased to the point of active plans to process more cattle and increase plant efficiencies. Carcass weights are nearing a seasonal bottom. The slaughter this past week was 649,000 up 15,000 head the previous week and down 15,000 from last year. Cheaper corn will take the lid off replacement costs and the movement to market will slow between now and fall. Beneficial and perfectly timed rains in the mid-west are improving chances for a good corn crop and prices are moving down daily. The weather pattern forecast for the country finally shows some moderation of extreme heat in Texas and the south. Rain, hail and tornadoes crossed the country. Small show lists have left few cattle available but the slaughter needs for next week are also light. In the north trading is at a standstill with $182 bids and few to no sales. In the south bids of $179 have been refused and the sales reported on limited volumes were at $178-179 with spots over $180 on a few grid cattle. ![]() The results is few are willing to accept lower prices this week. Recent cattle sent to market from feedyards are a little green and many owners think more time would be a benefit with little downside risk to the price. ![]()
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