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Cattle Today
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8.4 Markets
Cattle
- August: day 1 of a buy signal. December: day 1 of a buy signal. Aug. feeders: day 4 of a sell signal.
- Cattle turned positive, Feeder cattle still holding negative.
- Boxed beef continues a strong upward trend.
- Cattle seasonals positive.
- Packer margins $570/head.
- Lower corn market prices giving underlying support.
- Short term fundamentals are positive as steer weights are below expectations, 816 lbs vs 835 yr ago.
- Supply estimated to tighten into the fall and demand remains strong.
- Cash cattle trade in NE $197/cwt dressed, $125/cwt in the WCB, steady with last week.
- Asking prices $122/cwt live in the south, north at $199/cwt dressed.
- July Ag Price Report, corn price ave in June $6/bu, highest since Oct 2013.
- National all hay price $179/ton, 24 month high, and alfalfa hay $199/ton.
- Slaughter 122,000, 119,000 wk ago, 116,000 yr ago.
- Feeder Cattle Index: 156.15 vs 155.58 prior.
- Boxed beef: Choice 285.06 +4.06 Select 266.01 +2.63 Ch/Se spread 19.05 on 56 loads
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Cattle News Headlines
Oklahoma Farm Report
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Peel Cattle Slaughter, Carcas Weights
RCALF USA
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Beef Checkoff Petition Extended
Visit with your cattle rep for the latest on how to sell now.
NCBA
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NCBA Pleased With Border Legislation
Iowa Farmer Today
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Calf Crop Numbers Surprising
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The Newly Updated Nexus Cattle Calculator is Live In the Apple App Store and Google Play!