The Farmer's Weblog

Tuesday, November 26, 2002

In The Cattle Markets
Last week, slaughter cattle prices were $2 higher in the southern plains, with the bulk of the trade occurring at $71-72. Prices were also higher in the north with slaughter cattle prices at mostly $112 dressed with some poorer quality lots at $109-110. Boxed beef prices were sharply higher for the week, in spite of the approaching turkey feast known as Thanksgiving. Feeder cattle prices in the Midwest were generally $2-4 higher compared to the previous week.
6:18:47 PM    comment []

CATTLE ON FEED REPORT
As expected, the monthly USDA-NASS Cattle on Feed report (released November 15th) showed that the number of cattle on-feed as of November 1st was well below a year ago.
6:15:53 PM    comment []

HUGE FROZEN STOCKS
U.S. frozen stocks of red meat surged to over 1 billion pounds for the first time since May 1974.
6:14:00 PM    comment []

Trends . . .U.S. BROILER EXPORTS DOWN, BEEF AND PORK UP
Exports of broiler parts, beef and pork are significant factors in determining meat and livestock prices in the U.S. Recently, U.S. broiler exports have struggled, but red meat exports have been better than anticipated.
6:11:55 PM    comment []

This Page was last updated: 12/29/03; 3:46:19 PM
Copyright 2003 Russell Gum
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