Grazing demand continued to boost calf and feeder prices last week: firm to $5 per cwt higher for calves and stocker-weight cattle and $2-$5 higher for yearlings, according to the Agricultural Marketing Service.
U.S. beef exports were 3% higher in volume this January compared to a year earlier. Although plenty of challenges remain, the U.S. Meat Export Federation continues to see opportunity to grow the international market.
Value of gain and improving feedlot margins are among the indicators suggesting markets are returning to more normal conditions, says Derrell Peel, Extension livestock marketing specialist at Oklahoma State University.
Despite lingering challenges, restaurant sales are poised to grow for the seventh consecutive year, according to the National Restaurant Association’s (NRA) 2016 Restaurant Industry Forecast released Wednesday.
Cash and futures prices showed some spark this week, buoyed by sharply stronger outside markets. Calves and yearlings traded mostly steady to $5 higher at auction, according to the Agricultural marketing Service (AMS).