Feeder cattle were only $3.50 lower for the week despite closing limit down Friday
In this episode, Meghan Grebner and Josh Maples discuss the latest trends in the livestock market, focusing on cattle and hog prices, slaughter rates, and the impact of demand dynamics on boxed beef. They analyze the implications of annual slaughter trends, investment strategies for producers, and the importance of risk management in a volatile market. They discuss the market's uncertainty due to speculation and a lack of concrete data, emphasizing the need for producers to have a solid risk management plan in place.
➤ Live steer prices increased by $5 from last week.
➤ Boxed beef prices showed volatility due to tight supplies.
➤ Weekly cattle slaughter was up 20,000 head from last week.
➤ Total cattle slaughter is down over 6% compared to last year.
➤ Beef cow slaughter has seen a significant decline of 17.7%.
➤ Producers are considering investments in pasture management.
➤ Market reactions are heavily influenced by uncertainty and speculation.
➤ The lack of key reports impacts market dynamics significantly.
➤ Producers are advised to have a risk management plan in place.
➤ Current cattle prices remain strong despite market volatility.
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