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Markets

by WLJ
2012 February 24
Fed cattle prices jumped to their highest levels in history a week ago, as short-bought packers purchased for the short slaughter week. Sales in the south ranged between $128 to $129.50, mostly $5 higher than the previous week. Dressed deals in the north were mostly $203, or $6 higher.
2012 January 27
Last week’s USDA-issued cattle on feed report was in keeping with earlier predictions. Cattle on feed were up; placements were down due to reduced supplies of feeder cattle. Fed cattle marketings were down slightly with one less trading day which put the marketing rate in line with projections.
by WLJ
2012 January 27
The previous week, live sales ended mostly at $126 in the Southern Plains and in Nebraska and the western Corn Belt, live sales traded mostly from $125-126 with dressed sales mostly at $202. In Colorado for the previous week, live sales traded from $125.
by WLJ
2012 January 6
The new year has started off slow in the fed cattle arena, seeing very little movement last week, with inactive to light demand in the southern and northern Plains, as well as the western Corn Belt. The previous week’s market saw sales at $122 in the Texas Panhandle, and in Kansas and Colorado, live sales traded at $121.
by WLJ
2011 November 11
Fed cattle trade remained quiet last week. Iowa saw a few Holstiens trading for $1.80 on Tuesday. Nebraska and Iowa trade on Wednesday saw a few hundred head sold for $123.5-124 live and $1.95 dressed.
by WLJ
2011 October 29
Cattle and calves on feed for slaughter market in the U.S. for feedlots with capacity of 1,000 totaled 11.3 million head on Oct. 1, 2011. The inventory was 5 percent above Oct. 1, 2010, and the second highest October inventory report since the series began in 1996.
2011 October 29
Despite the lower cutout values last week, fed cattle prices were higher. The fed cattle market strengthened at $1 to $2/cwt. higher last week with sales at $120-121 in the south Plains and $120-122 in the Corn Belt. Dressed sales were reported at $189 to $192/cwt.
2011 October 24
Futures markets were steady to mixed as futures traders waited for the cash markets to develop most of the week. With packer margins continuing to be in the red, tight cattle supplies were looking for firm cash prices.
by WLJ
2011 October 14
Analysts have suggested for weeks the fed cattle market could rally this fall as supplies of market-ready cattle would tighten. Aggressive packer bidding the past two weeks, despite flat wholesale beef prices, is seen as evidence packers are hunting a little harder for the cattle they need, according to analysts.
by WLJ
2011 October 7
Cattle futures traded higher last week, pulling the live and dressed cash markets with it. The October contract was trading at $122.20 Thursday and deferred contracts were trading in the same range. April seems to be where the next price advance is and was trading at $126.
by WLJ
2011 September 30
Trade remained sluggish most of last week with only a few token packer bids of $116 live and $1.83- 1.84 dressed being passed by bullish feedlot managers asking $120 live and $1.90 dressed. "The way it looks right now, a $118/$1.86-$1.88 trade seems reasonable," according to Troy Vetterkind with Vetterkind Cattle Brokerage.
by WLJ
2011 September 23
Fed cattle markets were slow to develop again last week. Futures markets were showing some strength early last week until Thursday when the news of a broader equity market sell-off took place, dragging nearly all commodities down.
by WLJ
2011 September 9
Fed cattle trade was slow to develop last week after lackluster meat sales over the Labor Day weekend. Futures markets were stronger on live cattle, setting the stage for stronger fed trade later in the week.
by WLJ
2011 September 2
Cash fed cattle trade was slow to develop last week coming into a Labor Day-shortened production week. Cattle feeders were offering cattle at $114 live and $181 dressed but packer offers were at $110-111 and $177-178, respectively. Trade was expected to be steady to $1 lower than the prior week.
by WLJ
2011 August 26
Fed cattle prices dropped last week as a result of weakness in cash prices and decreased demand from the consumer segment. On the Plains, cattle traded for $112.50-113 live and $180-181 dressed. Corn Belt trade ranged from $179-$181 dressed and $113 live.
by WLJ
2011 August 19
Plains fed cattle traded last week at $113-$114 in Texas, with dressed sales in Nebraska at $182. Wednesdays negotiated cash trade was inactive on light demand in the southern Plains and Colorado and limited on light demand in Nebraska and the western Plains.
by WLJ
2011 August 12
Fed cattle trade was opening with sharply higher prices last week as a surge in boxed beef prices and improving packer margins helped fuel the market. Although volume was light through midday last Thursday, early dressed trade had been reported on light volume at $185 and analysts were predicting that the volume live trade would
by WLJ
2011 August 5
Cash fed cattle trade was slow to develop last week as cattle feeders held out for higher money. The light, early trade seemed to indicate the tactic was working, with the light volume trading at $109.50 to $111 in the Corn Belt, although there were not enough animals trading hands at midday last Thursday to call the week’s trend.
by WLJ
2011 July 29
The drought is forcing cow liquidation in the southern Plains, and it’s also pushing calves and lightweight feeder cattle into feedlots, according to USDA’s July Cattle on Feed report. The National Agricultural Statistics Service reported that the number of cattle on feed in feedlots of 1,000 head or more in the U.S. rose


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