August feeder cattle jump $9.05 for the week | Weekly Livestock Market Update
On this episode of Weekly Livestock Market Update, Brownfield Anchor/Reporter Meghan Grebner and University of Missouri Market Analyst Scott Brown talk August feeder cattle jumping $9.05 for the week.
Learn more about what's happening in the agriculture markets here: https://brownfieldagnews.com/markets/
Find more agriculture news here: https://brownfieldagnews.com/
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This week in the markets:
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Live fed cattle prices are $1.10 higher on the week, while feeder cattle prices were $2.00 to $5.00 higher this week. June live cattle were up $4.90 on the week, and August feeder cattle were up $9.05 on the week. Choice box beef was nearly $10 higher this week. Cash hogs were $1.70 higher this week. June lean hog futures were down $1.65 on the week. Pork cutout values were up $2.50 this week.
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Weekly Slaughter:
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At the end of the week, cattle slaughter was 598,000 head, down 24,000 on the week and down 42,000 for the year. Hog slaughter was 2.404 million head, up 25,000 from the previous week but down 3,000 on the year. Year-to-date cattle slaughter is down 4.5% relative to last year, and hog slaughter is up 0.5%.
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Retail Prices:
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The April pork retail price was $4.81, up two cents from last month. The April pork retail price stands 27.1% above the April 2019 price. The choice retail beef price was three cents higher than last month at $8.15 per pound. The April 2024 beef retail price is 33.6% above the April 2019 price and 3.8% above the same month the previous year.
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Next week's reports:
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➡︎ Livestock Slaughter
➡︎ Cattle on Feed
➡︎ Cold Storage
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