Fed cattle firm, feeders lower as drought worries build

 Resize text         Printer-friendly version of this article Printer-friendly version of this article


The severity of this year’s drought - extending from the Great Plains through the Corn Belt - has not been seen in a generation. The past month has added roughly $2 to the value of a bushel of corn and the impact will stretch across every segment of the cattle industry.

Despite the holiday-shortened week, cattle feeders coaxed $1 higher bids on the few cattle that traded. Cash cattle traded at $117 per hundredweight, and in the North dressed sales were reported at $187 to $188. Beef demand remains supportive to the market, but analysts expect it will weaken with continued hot weather.

A light run of stocker and feeder cattle during the July 4th holiday week produced prices $1 to $2 lower. Early movement of stocker cattle off drought-stressed pastures is anticipated this week and next.

Choice boxed beef cutout values declined $2 last week to $192.65 per hundredweight. Select boxed beef traded at $174.71, down $3.38 from the previous week. The Choice-Select spread was $17.94 per hundredweight.

USDA’s Cutter cow carcass cut-out value Friday was $172.65, up 54 cents from the previous Friday. Cash corn prices increased 67 cents per bushel during the week, with Omaha closing at $7.42 per bushel on Friday.



Comments (0) Leave a comment 

e-Mail (required)


characters left

Caterpillar Small Wheel Loaders

Cat® Small Wheel Loaders provide superior performance and versatility to help agriculture producers improve productivity and efficiency. An extensive range ... Read More

View all Products in this segment

View All Buyers Guides