A wider price gap between Select grade boxed beef and Choice or better—the Choice/Select spread—always comes back to supply and demand. Consumers vote with their dollars, and recent shifts in merchandising put much more high-quality beef on the ballot, just as those supplies began to fall off.
When consumers hit the retail meat case, cut, color and consistency often guide their beef buying decisions. Cut influences cooking method, flavor, tenderness and price.
Packers held bids until late last week, but live cattle prices did not sag much while waiting. Packers increased harvest by 16,000 head over that weeks’ holiday-shortened numbers, but still fell well short of the previous year.
One of the first and best Certified Angus Beef LLC (CAB) feeding partners, Darnall Feedlot, Harrisburg, Neb., was known for quality even before licensing in early 1999. Gary and Lane Darnall, father and son, signed on with their 20,000-head yard and quickly gained a wider reputation for consistent quality.
Canadian feedlots and ranchers can cooperate to improve beef produced from cowherds across the nation, all in the interest of profitably growing demand. Domestically and around the world, the beef already has a reputation for unsurpassed safety and traceability, along with the high quality of grain feeding.
David gives his market update to keep producers in the know. Packers raised their bids on Wednesday to $123/$124 in the South and $127 in the North in order to lock up needs prior to the long weekend.
“Working with the CAB Industry Information team has been nothing short of prime. It’s an opportunity to test skills you’ve learned in the classroom and see how they fair against the pros.
Of all the words that could describe Pratt Feeders, “quality” best fits the staff, the cattle they feed and the way they feed them. Over the past year, the south-central Kansas yard has ramped up its connection with the “Q” word.
We know there are no right or wrong, black or white answers in a fragmented industry of 750,000 independent individuals. But we do know that strategic genetic decisions can make a huge impact on profitability and consumer satisfaction.
I hope you notice that the focus is on you, your cattle, your profitability and your business decisions at every click of your mouse.
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