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Boxed Beef report: Boxed beef prices rise to end the week

Choice boxed beef saw a slight increase on Friday of 44 cents to hit $240.63, a welcome change after the continuous drops throughout the week. The 27-day average price now rests at $241.06. Select boxed beef saw a jump from $228.01 on Thursday to $229.15 on Friday, a $1.14 increase that brought the 27-day average price to $232.42.

Markets

Natural gas prices generally flat

Prices outside the Northeast are fairly flat. The hot summer weather continues for most of the nation. Temperatures increased throughout the report week in the central and eastern parts of the country, although on the West Coast, temperatures moderated.

Markets

Morning Farm Report: Cattle prices up

Live cattle prices increased 37 cents on Thursday to hit $141.60, bringing the 27-day average price to $146.20. Feeder cattle prices jumped on Thursday from $200.75 on Wednesday to $202.55 on Thursday. The $1.80 increase brought the 27-day average price to $210.47.

Lean hog prices dipped on Thursday, falling 33 cents to $69.45, bringing the 27-day average to $72.

Corn dropped six cents to $3.48, while wheat saw a huge fall drop of 16 cents to $4.57.

Industry

The American Akaushi: Better beef through EPD’s

While expanding from the original Fullblood Akaushi females and bulls imported from Japan, the American Akaushi breed registry now contains over 60,000 recorded animals consisting of both breeding and terminal stock. Most importantly, each of those recorded animals have been source verified by DNA.

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