![]() ![]() ![]() Agriculture Secretary Tom Vilsack said the Cattle Contracts Library will level the playing field for producers, providing transparency that has been sorely lacking. ![]() Good noted Americans ate more beef last year than they’ve eaten in a decade, an average of 58 pounds a person, despite retail prices averaging $7.35 a pound.Ĭattle sales: The USDA unveiled a public database tracking private cattle sales to give producers more leverage with meatpacking companies. Good quality bred cows could range from $1,900 to $2,300. Calves weighing 550 pounds are expected to average $225, up $29, while cull cows could rise $20 to $100. Slaughter numbers are expected to be down this year, pressuring prices.įed cattle prices are expected to range from $150 to $172 per hundredweight, averaging $158 for the year, up $14 from last year. Half the nation’s cows are in drought areas, economist Kevin Good of Cattle Fax told the gathering. 2) that the prediction was made at the 2023 Cattle Industry Convention in New Orleans. were steady.A Cattle Fax economist predicted record prices this year due to drought and the pandemic, which forced producers to thin herds. sold for $2-$5 per hundred more, while those weighing more than 70 lbs. Slaughter lambs were $1-$2 higher at Oklahoma City. The February contract was 44.35 cents and March settled at 44.87. Pork bellies settled up on the Chicago exchange at week's end. The top price for the week was $37.90 a hundred paid on Monday for barrows and gilts weighing 250 lbs. Slaughter hog prices were $1 lower at Oklahoma City and sow prices were mixed for the week, the USDA said. The USDA's estimated gross boxed beef cutout value of a choice 1-3 grade carcass weighing 550-700 pounds improved 45 cents per hundredweight to $112.05. Some cutback in slaughter rates helped improve the supply balance, the agency said. The December contract settled at 72.27 cents per pound, the February at 72.72 and the April 74.37.īoxed beef continued to move slowly this past week and carcass prices were unclear, the USDA said. Live cattle contracts in Chicago brought from 1.48 cents to 10 cents per pound less on Friday than a week ago. range attracted $73 a hundred at midweek, while heifers weighing 1,040-1,050 lbs. In Kansas, mostly choice steers in the 1,150-1,200 lbs. Select and mostly choice yield grade 2-3 steers weighing 1,050-1,200 lbs. The November contract was 81.35 cents per pound, the January 82.52 and the April 81.05.īuyers lost interest Wednesday and Thursday at feedlots in western Oklahoma and the Texas Panhandle in anticipation of the Veterans Day closing of several packing houses, the USDA said. On the Chicago Mercantile Exchange, feeder cattle prices settled uniformly down on Friday and ended off by. Contracts for March through April delivery of 650-700 pound heifers brought $76-$77.50, the USDA said. Stocker calves attracted the most attention from buyers wanting immediate delivery, while future-delivery buyers showed the most interest in yearlings.Ĭontracts for January through March delivery of 725-800 lbs. The USDA confirmed range sales of 17,100 head of cattle this past week, more than double last week's activity. Cow prices were steady and bulls were up $1 a hundredweight.Įstimated receipts were 12,700 for the week, an improvement from last week's 10,915 and better than the 11,186 a year ago. Slaughter cows attracted interest from both packing-house buyers and those planning to take the animals back to pasture. Heifer calves stood out, selling $1-$2 higher for the week. Live cattle futures were mixed in Chicago, with nearer-term contracts suffering more than those expiring further into the future.ĭemand was good and trading active at the Oklahoma National Stockyards in Oklahoma City this past week, the U.S. Feeder cattle prices generally gained this past week, but the Veterans Day holiday put a damper on interest in slaughter animals at western Oklahoma and Texas Panhandle feedlots.įeeder steers and heifers were steady to $1 higher in Oklahoma City, and feeder cattle futures were mixed.įat cattle prices fell $.50 at western Oklahoma and Texas Panhandle feedyards. ![]()
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