Page 6 - Prime Holstein News Today : Breaking News, Live Updates & Top Stories | Vimarsana

DATCP livestock and meat specialist Jeff Swenson provides weekly market analysis.

Demand for beef is strong, both domestically and internationally Jeff Swenson Prepared and written by Jeff Swenson, DATCP Livestock and Meat Specialist. The Market Update draws information from several sources, including trade publications, radio broadcasts, agricultural news services, individuals involved in the industry as well as USDA NASS and AMS reports. Fed cattle prices were mostly steady this week. Rain in the Plains and other parts of the country experiencing drought pressured grain futures mid-week. Demand for beef is strong, both domestically and internationally. Packers are s...

Packers cannot harvest enough cattle to meet demand or supply Jeff Swenson Prepared and written by Jeff Swenson, DATCP Livestock and Meat Specialist. The Market Update draws information from several sources, including trade publications, radio broadcasts, agricultural news services, individuals involved in the industry as well as USDA NASS and AMS reports. The Choice beef cutout value broke the $300.00 level on Tuesday and was $306.37 Thursday afternoon. That’s $75.00 higher than this time last month. Restaurant demand has picked up while retail demand remains strong.  Seasonally, we wou...

Strong beef demand kept bidding active at auction markets with prices steady in and around Wisconsin. Average carcass weights for beef breed steers last week was 866.1 pounds, similar to the week prior. Last week’s estimated harvest was 640,000 head. There’s a larger harvest being assembled this week. The carcass cutout value is still showing strength, ending Thursday at $282.31. Grain markets have been a runaway train, and that’s putting pressure on the cattle complex. Kansas State University estimates cattle marketed in September will see a $121.00/cwt breakeven. That would mean cash...

Prepared and written by Jeff Swenson, DATCP Livestock and Meat Specialist. The Market Update draws information from several sources, including trade publications, radio broadcasts, agricultural news services, individuals involved in the industry as well as USDA NASS and AMS reports. This is the second week of higher cash cattle after a long stretch of prices unwilling to budge. There are signs pointing to packers needing cattle to meet beef demand, and many cattle feeders are using that to hold out for higher bids. Last week’s harvest estimate was 646,000 head, down slightly from the prev...