The pork cutout held together, though, to average $84.98, a drop of just 6 cents. HogsĬash hogs were $2.40 lower last week, which is not unusual for the week after Thanksgiving. Beef and Beef Cross calves were lower, selling up to $675/cwt. Doubtful health and thin cows were bringing $58/cwt and down.ĭairy breed bull calves were mostly steady, bringing $100 to $300/cwt with some heavier, well-managed calves selling to $390. A bulk of the cows brought $59 to $87/cwt with some fleshier dairy and beef cows selling to $100/cwt. Dairy x Beef steers were bringing $126 to $164/cwt with a few higher.Ĭows were $2 to $4 lower. Silage fed, under finished or heavy dairy breed steers brought $75 to $123/cwt. Lower grading steers brought $124 to $147. Holstein steers were low, bringing $148 to $156/cwt with some lots to $160/cwt. with mixed grading and those likely to grade Select bringing $150 to $169/cwt. Choice steers and heifers ranged from $160 to $167/cwt. High Choice and Prime beef breed steers and heifers brought $167 to $170/cwt with some higher. Carcass weights have been increasing as harvest pace slows Cattle Pricesįed cattle prices were steady to weak to $2 lower. Lower cattle prices have helped improve packer margins, but given current market fundamentals, they are unlikely to be aggressive and increase production in the near term. Heifers have been averaging about 32% of fed cattle harvest weekly. Last week’s estimated harvest of 635,000 head was 97,000 head more than the previous holiday shortened work week, and 25,000 below the same week last year. The cutout had dropped to $290.56 by Thursday. The Choice beef cutout value overall was up $1.14 for the week, averaging $297.78, but lost ground this week. Rib Primals did show some strength, but they, too, have turned lower. It appears retail needs are being met at current production levels. Live cattle managed to gain back some of the earlier week losses by Friday. Futures contracts, especially Feeder Cattle had a tough week. Auction markets were reporting lower fed cattle prices to start this week. Fed cattle were $2.40 lower and are $10/cwt lower than five weeks ago. All classes of cattle were lower last week. Pressure on the futures and lackluster Holiday wholesale activity is taking a toll on the cash market. This report draws information from several sources, including trade publications, radio broadcasts, agricultural news services, individuals involved in the industry as well as USDA reports. The following report was prepared and written by Jeff Swenson, DATCP’s livestock and meat specialist.
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