Agricultural News
Boxed Beef Prices Move Slightly Higher as Cash Cattle Trade Falls This Past Week- Audio Comments with Ed Czerwin.
Mon, 30 Jan 2012 20:19:06 CST
Boxed beef prices moved a little higher this past week, according to the numbers compiled by Ed Czerwin of the USDA Market News Office in Amarillo, Texas. Czerwin reports in his weekly audio update (Which you can hear by clicking on the LISTEN BAR below) that the volume was lighter than normal, and perhaps reflects that there simply are fewer market ready cattle flowing into the pipeline at this time.
Cash cattle trade was generally two dollars cheaper than a week ago- and the larger number of choice cattle continue to come out of the Nebraska feedyards. Indications are that about 70% of the finished cattle out of Nebraska yards are grading choice- while only 52% of the Texas-Oklahoma cattle heading to the packers end up grading choice.
Average live weights in the Texas-Oklahoma feedyards are just 1232 pounds this latest week- a pound under a week ago and 35 pounds lighter than at this point in 2011- a sure sign that we continue to be very current in the marketings of the finished animals here in the southern plains.
Dry weather out toward the west coast of the US has heavier numbers of beef cows headed to market as we begin 2012- cow slaughter continues at a pace higher than a year ago.
Ed's complete report is available to listen to- just click on the LISTEN BAR below.
WebReadyTM Powered by WireReady® NSI
Top Agricultural News
More Headlines...
