Cattle carcass weights increase, packer margins under pressure

Cattle carcass weights are at record levels and continue to increase counterseasonally. As of the week ending October 24th, average steer weights were reported at 927 pounds (+3 percent year over year) and average heifer weights at 841 pounds (+2 percent year over year). Several factors have contributed to the rapid increases in cattle weight gain. First, the costs of feeding cattle have become considerably lower and there is excess capacity in the feeding sector.


Feeder Cattle Review: Markets not fully tested

Compared to last week, feeder cattle and calf markets were not fully tested due to limited marketing during the Thanksgiving Holiday week. Several major auctions held specials on Monday and Tuesday this week with calves trading mostly steady to 10.00 higher with some instances 15.00 higher on light weight calves under 500 lbs. Yearlings sold steady to 4.00 higher on a light test. Direct trade on a light test was steady to firm with instances 3.00 higher. Demand was high at Green City, MO on Tuesday for their annual Thanksgiving Yearling Special with over 3800 head of top quality yearlings on offer.


Morning Farm Report: Cattle prices increase, lean hog prices fall

Live cattle prices increased 88 cents on Friday to hit $131.83, bringing the 27-day average price to $134.28. Feeder cattle prices saw a jump from $164.98 on Thursday to $166.03 on Friday. The $1.05 increase brought the 27-day average price to $178.98.

Lean hog prices saw a slight dip of seven cents to hit $58.73. The 27-day average price now rests at $57.68. 

Corn and wheat prices saw large falls of seven and 13 cents, respectively.


Boxed Beef Report: Beef prices increase

Choice boxed beef prices saw an increase of $1.22 cents on Wednesday to hit $205.17. The 27-day average price now rests at $214.08. Select boxed beef prices also rose slightly from $193.12 on Tuesday to $193.42 on Wednesday. The 30-cent jump brought the 27-day average price to $204.92.

Retail diesel prices drop

Throughout the United States retail diesel prices dropped an average of four cents this week to hit $2.45. The highest drop in the country was in the Midwest region, where prices fell five cents to hit $2.44. The lowest fall was one cent in the Rocky Mountain region. The highest prices are in the West Coast region at $2.65, while the lowest are in the Midwest at $2.44.


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