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Morning Farm Report: Feeder cattle prices plummet

Live cattle prices saw an increase after a steady fall this week, jumping from $142.43 on Wednesday to $144.65 on Thursday. The 2.22 increase brought the 27-day average price to $146.38. Feeder cattle prices saw a huge fall of $9.93 on Thursday to hit $200.35. The 27-day average price of feeder cattle now rests at $212.10.

Lean hogs saw a very small increase of only five cents, hitting $67.05.

Corn jumped two cents, while wheat dropped from $4.90 on Wednesday to $4.84 on Thursday.

Markets

Natural gas prices respond to increased power burn

Prices vary slightly, but flat in many market locations. At the start of the report week, temperatures were generally above average in the East, South, and West, though below average in the Midwest and Rockies.

Industry

JBS plant to expand

JBS Hyrum will be seeing it's largest expansion when it adds two new buildings to it's plant, adding more than 191,000 square feet. The expansion will add a distribution center and fabrication floors to increase production to more than 400 head of cattle per day, reports Kevin Opsahl for the HJ news.

Markets

Boxed Beef Report: Beef prices mixed

Choice boxed beef increased 55 cents on Thursday to hit $244.82, bringing the 27-day average price to $239.05. Select boxed beef did not fare so well, dropping from $234.50 on Wednesday to $233.53 on Thursday. The 97-cent drop brought the 27-day average price to $231.98.

Choice primal rib saw the largest increase Thursday of $2.78 to hit $353.26, while choice primal loin was close behind with a $1.32 increase. Choice primal flank had quite a drop of $2.07 on Thursday.

Industry

Just eat beef

Ground meat and exotic game meats, particularly those ordered from online retailers, sometimes are mislabeled and contain different animal species according to two recent food-science studies from Chapman University in California.

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