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Markets

by WLJ
2011 May 6
Fed cattle prices trended lower again last week in early trade, which was mostly complete by the end of the day Tuesday. Live cattle traded at $114 to $115 in the southern Plains, down $1-2 from the prior week’s action with most showlist cattle reportedly cleaned up. Meanwhile, in the North, dressed trade was reported at
by WLJ
2011 April 28
Cattle prices trended lower last week in very early trade, the bulk of which took place on Monday and Tuesday. Prices in the southern Plains were $2 lower than the prior week at mostly $117 live. In the north, light trade took place at $185-187 dressed basis, with a few reported as high as $189 in Nebraska
by WLJ
2011 April 22
Early fed cattle trade last week was reported on Wednesday with markets showing mostly steady results. Cattle in the central Plains sold at $119 live in Kansas, even with the prior week’s results, while Corn Belt trade came at $190 dressed basis, also steady with the week prior. Trade had yet to develop in Texas at midday
by WLJ
2011 April 15
Cash fed cattle trade was under pressure last week with prices expected to move lower than the prior week by perhaps as much as $3-5 when trade finally developed. At midday last Thursday, there was still little significant activity in the markets with packers bidding $117 for live cattle in the South while feedlots in the region were
by WLJ
2011 April 7
Fed cattle continued their win streak last week with additional gains of $2-3 over the prior week’s trade levels in the southern Plains. Cattle in Texas, Oklahoma, Colorado and western Nebraska traded at $123-124 live while Corn Belt trade was slow to develop last week. Analysts predicted that most cattle
by WLJ
2011 March 31
Fed cattle prices skyrocketed last week, gaining $7-8 from prior week levels to trade at $120-122 live basis in the southern Plains while trade in the north came in a range of $121-123 live and at $196-200 dressed. Trade developed last Wednesday with good volume trading hands at those higher levels as futures prices rose
by WLJ
2011 March 25
Fed cattle traded last Wednesday with good volumes reportedly changing hands in most feeding regions. In the Corn Belt, where supplies of market-ready fed cattle are short, prices started mostly steady with the previous week at $184-185 dressed with late trade moving as high as $188-190 before the action was
by WLJ
2011 March 18
Fed cattle trade sank last week on a widespread weakness which seeped into equity and commodity markets in the wake of the disaster in Japan and concerns about the U.S. economy. Last week’s futures trade was sharply lower, with a lower trend and two limit-lower days of trade shaving more than $6 off of
by WLJ
2011 March 11
Cash fed cattle prices surged higher again late last Wednesday with feedlots selling market-ready cattle at prices $5-6 higher than the prior week at $117-118 and $10-12 higher dressed basis at $188 to $190 with a few sales reported as high as $192 dressed. Sales volume on the midweek trade was good and at 93,000
by WLJ
2011 March 3
Fed cattle prices pushed farther into record territory last week as sales in the southern Plains were reported at $112-113 live basis and at $180-182 dressed in the North and Corn Belt feeding regions. Those prices were $1-2 higher than the previous week’s trade. Trade was mostly complete by
by WLJ
2011 February 25
Fed cattle trade last Thursday was being reported at the $110 to $111 level in the southern Plains. Meanwhile, light dressed trade in the north and Corn Belt regions came at $174 at midweek although dressed volume was still too light to call a trend at midday last Thursday. Prices were
by WLJ
2011 February 18
Most of last week’s cash fed cattle business looked to be delayed until Friday, perhaps until after the release of the USDA Cattle on Feed report. Packers were offering $105 live basis in the south and $168 dressed in the north, but it didn’t appear those levels would be enough to spur any action in the market. Feedlots were
by WLJ
2011 February 11
A second week of winter weather delayed trade until late last week as feedlot operators spent much of the week cleaning up and passing early bids from packers. As of midday last Thursday, only light trade to a regional packer in Nebraska had been reported at $169 dressed. Bids of $104 in the South were being passed and
by WLJ
2011 February 3
Winter weather hampered the markets last week and delayed most fed cattle trade into the late-Thursday or Friday period. The cash market was expected to get a small boost from the storm that plagued much of the U.S. last week but it also cut into retail sales, tempering enthusiasm among
by WLJ
2011 January 28
Fed cattle trade last week wrapped up early with the south trading cattle at $104-105 live basis and in the northern Plains and Corn Belt, live trade came at $103-104 while dressed cattle traded between $166 and $168. There was some softening in the beef markets and futures contracts traded lower for
by WLJ
2011 January 21
Midweek fed cattle trade last week came in lower than the prior weeks action as price fatigue appears to have set in. Boxed beef cutout values have started to show signs of topping out and nearterm export needs appear to have been fulfilled, leading to last weeks price break.
by WLJ
2011 January 14
The fed cattle markets last week looked likely to benefit directly from the global nature of beef trade. Heavy rains have caused severe flooding in portions of Australia. The flooding shut down the port of Brisbane, Australia, which is responsible for shipping much of the beef from the states of Queensland and New South Wales to
by WLJ
2011 January 7
Fed cattle traded early last week at prices mostly steady to $1 lower than the previous week’s sharply higher prices. Southern Plains cattle sold in a range of $105-106.50 live basis while cattle in the north brought $104 live and $167-169 dressed, with good numbers trading hands in the northern Plains and Corn Belt
by WLJ
2010 December 31
Cattle feeders enjoyed an extended Christmas, trading fed cattle actively Wednesday afternoon at $4.00-$6.00 over the prior week’s market. Kansas feeders traded at $106-$106.50, and $107.00 in Texas, northern Plains dressed trade was at $168-$170. Most trade was completed Wednesday with light
by WLJ
2010 December 23
Fed cattle prices surged higher unexpectedly last week as short-bought packers were forced to pay up for their cattle needs. Prices were $3-4 higher in most areas of the country, with southern Plains trade in the $102-104 range while dressed trade in the North was confirmed from $161 to $164. The activity last Wednesday


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