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Boxed Beef Report: Beef prices up

Choice boxed beef prices jumped $1.35 cents on Monday, hitting $204.32. The 27-day average price now sits at $221.11. Select boxed beef prices rose from $197.93 on Friday to $199.01 on Monday. The $1.08 increase brought the 27-day average price to $214.49.

Choice primal brisket saw the largest incerase of $2.71, reaching $134.04. Choice primal round was not far behind with a $2.29 increase to hit $183.40.

Choice primal flank and choice primial rib were the only primial values that saw a fall, decreasing $1.09 and 36 cents, respectively. 


U.S. meat exports disappointing in August

U.S. beef and pork exports struggled in August, remaining below year-ago levels, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). August beef exports totaled 84,167 metric tons (mt), down 18 percent from a year ago. Beef export value was down 24 percent to $498 million, the lowest in 18 months. For the first eight months of 2015, exports were down 11 percent in volume to 703,231 mt and dropped 5 percent in value to $4.31 billion.


Morning Farm Report: Cattle prices mixed

Live cattle prices decreased last week, fallin 40 cents from $131.18 to $130.78. The decrease brought the 27-day average price to $134.26. Feeder cattle prices saw an increase, jumping $1.10 to $188.98, bringing the 27-day average price to $191.49.

Lean hog prices dropped 17 cents to $73.83. The 27-day average price now rests at $70.98.

Corn prices dropped eight cents from Thursday to Friday, lowering to $3.83. Wheat prices saw a smaller drop of three cents to $5.09.


Cattle Outlook: WASDE raised 2015 beef production estimate

The October WASDE raised USDA's estimate of 2015 beef production by 245 million pounds and lowered their forecast of the 2015 average price for slaughter steers to $149.19/cwt. They are predicting 4.9% more beef in 2016 and an average price for fed cattle that is $2 to $13/cwt lower than this year.


Feeder Cattle Review: Cattle futures rocketed

Compared to last week, yearling feeder cattle started the week mostly 5.00 lower on a light test with calves trading 5.00-15.00 lower, then on Tuesday the Live and Feeder Cattle futures closed with limit gains that turned the week around. Cattle futures then rocketed higher again on Wednesday and Thursday; it seems one extreme move one way can have extreme moves the other way as from mid- week on yearlings moved mostly 3.00-10.00 higher and calves traded firm to 5.00 higher, instances 10.00 higher.


Boxed Beef Report: Beef prices drop

Choice boxed beef prices dropped from $204.97 on Thursday to $202.97 on Friday. The two-dollar fall brought the 27-day average price to $222.47. Select boxed beef saw a seven-cent drop to hit $197.93, bringing the 27-day average price to $215.66.

Choice primal rib fell the most from $311.34 on Thursday to $304.56 on Friday, a $6.78 fall that brought the 27-day average price to $315.59. Choice primal short plate had the next biggest drop of $2.12. Chioce primal flank was the only cut that didn't fall, jumping $6.33. 

Drovers Cow/Calf

Resource for understanding Unit Cost of Production

Cow/calf producers will forever remember the record profits of 2014. They may also vividly remember the "fall of the 2015 fall." Prices have quickly fallen off the last two weeks, this following a continual inching down during the months of July and August.


Natural gas supply down

Henry Hub price reaches lowest level since July 2012. The Henry Hub spot price began the report week last Wednesday at $2.47/MMBtu, then dropped 21¢ by Friday to $2.26/MMBtu, the lowest Henry Hub spot price since July 2012. The price then rose to close at $2.46/MMBtu yesterday. Prices in most markets, except the Northeast, followed a similar pattern, ending down for the week, after reaching weekly lows on Friday. Chicago Citygate spot prices started at $2.56/MMBtu last Wednesday and closed yesterday at $2.46/MMBtu.

Drovers Cow/Calf

Marketing cull cows

Some culling of beef cows occurs in most herds every year. A few cows will become reproductively unsound, broken-mouths, bad udders, open, and/or just plain OLD. If feed resources are available, some producers may wish to market the culls after the first of the year for tax purposes.


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