Live cattle negotiated prices in the south hit $155/cwt this week, while in the north they reached $157, and still some sellers held out for more. Negotiated dressed prices averaged $245/cwt.
Slaughter last week was down due to the Thanksgiving holiday but was still higher than the same week last year and the largest Thanksgiving week volume since 2006. Much of that was still due to cow slaughter, which will soon go into steep decline, likely adding pressure to fed cattle – especially with fewer heifers in the mix. That will be a steep drop. USDA is still forecasting beef imports for next year to be 3.35 billion pounds, down slightly from the 2022 forecast of 3.376 billion pounds. However, with lower cow slaughte...
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...
What You Need to Know Today: Corn and soybeans were under heavy selling pressure as weaker (or at least as-expected) export demand runs into an accelerating harvest pace with more grain available in the spot market. Corn and soybean harvest progress remains below average across the U.S., espec...
Key Takeaways: Brazil confirmed a Newcastle disease outbreak at a commercial turkey farm in Santa Catarina on 18 October, raising concerns about potential disruptions to poultry exports despite the outbreak being confined to a single facility thus far. Mexico and Malaysia have imposed nationwi...
