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Ribeye prices defying the seasonal trend

Ribeye prices defying the seasonal trend

Ribeye prices defying the seasonal trend MARKET UPDATE The Labor Day holiday shortened last week’s slaughter production to a total of 577,000 head of federally inspected harvest facilities. The daily totals on the fed steers and heifers were very respectable during...
Prime premiums double last year

Prime premiums double last year

Prime premiums double last year MARKET UPDATE Last week’s fed cattle slaughter was curtailed due to infrastructure issues at two separate packing plants. The steer and heifer head count on Wednesday was just 86,000 head, followed by 90,000 head on both Thursday and...
Fundamentals point to bullish conditions

Fundamentals point to bullish conditions

Fundamentals point to bullish conditions MARKET UPDATE The sideways trade in the fed cattle market continues as the weekly average price last week is yet again $123/cwt. This marks the 10th week in a row with live fed steer values averaging between $120/cwt. and...
Quality grades lower, production factors shift

Quality grades lower, production factors shift

Quality grades lower, production factors shift MARKET UPDATE The fed cattle market continues to trade in a fairly wide range from the northern feeding region to the south. Texas continued the July trend holding the bottom of last week’s range at $118/cwt. to $120/cwt....
Are carcass premiums supply or demand driven?

Are carcass premiums supply or demand driven?

Are carcass premiums supply or demand driven? MARKET UPDATE The estimated weekly slaughter total last week was 623,000 head, a significant reduction from the prior week, thanks, in part, to the three-day weekend. Recent weekday daily steer/heifer slaughter totals have...