A preview of the upcoming Cattle on Feed report | Weekly Livestock Market Update
Brownfield's Meghan Grebner and livestock economist Scott Brown preview the upcoming Cattle on Feed report in this Weekly Livestock Market Update.
This week in the markets:
Live fed cattle prices are $1.80 lower on the week, and feeder cattle markets were steady to $7.00 higher this week. December live cattle were down $0.85 on the week, while January feeder cattle were up $5.50 on the week. Choice box beef was $7.30 lower this week. Cash hogs were $0.75 lower this week. December lean hog futures were down $1.20 on the week. Pork cutout values were $4.10 lower this week on weaker bellies.
Weekly Slaughter:
At the end of the week, cattle slaughter was 606,000 head, down 13,000 on the week and down 33,000 for the year. Hog slaughter was 2.633 million head, up 28,000 from the previous week but down 14,000 on the year. Year-to-date cattle slaughter is down 3.7% relative to last year, and hog slaughter is up 1.0%.
Retail Prices:
The October 2024 choice retail beef price was $8.11 down 3.6% from September and down 0.7% from one-year ago. The pork retail price was $4.92 per pound in October 2024, down 0.7% from last month and down 2.4% relative to last year.
Next week's reports:
» Livestock Slaughter
» Cattle on Feed
Connect with Brownfield Ag News:
» Get the latest ag news: https://www.brownfieldagnews.com/
» Subscribe to Brownfield on YouTube: @BrownfieldAgNews
» Follow Brownfield on X (Twitter): https://x.com/brownfield
» Follow Brownfield on Facebook: https://www.facebook.com/BrownfieldAgNews
About Brownfield Ag News:
Brownfield Ag News is your trusted source for reliable agriculture news, market trends, weather updates, and expert interviews. Get comprehensive coverage and stay ahead in the ever-evolving agriculture industry.
#agriculture #news #markets #cattle
