The Comprehensive or Average Choice Cutout was only down $1.26 for the week, but has dropped about $16 in the past month, putting it at the lowest level since June 2014. The total volume of Box Beef Sales was down 691 loads....More
The feeder cattle market was $2-$6 lower and instances of up to $10 lower. Buyers have reduced their bids in response to declining finished cattle prices, negative feedlot margins and closeouts along with declining CME prices....More
The Comprehensive or Weekly Average Choice Cutout dropped $8.23 lower, but the total volume also dropped. Normally when we see a big drop in prices we get some additional sales, like we had last week, but not this week....More
USDA renewed the furor over imports of beef from regions in Brazil and Argentina known to be historic hotspots for foot-and-mouth disease. Has legislative maneuvering put that issue to rest? Read about that and more in this week’s Trending Headlines.