Compared to two weeks ago, steers under 700 pounds were mostly 1.00-4.00 higher, instances up to 9.00 higher in Nebraska; steers over 700 pounds moved at price points that were steady to 4.00 lower. The Southeastern region saw sharply higher prices on all classes, due to good demand and very light receipts. Muddy pen conditions as temperatures increased in the North and rain and snow in the South have caused concerns, especially on the placements of heavier weight cattle. This week’s receipts across the country were hindered for several reasons. Not all markets were operational this week, due to the holiday interruptions early week; heavy rains throughout the Southeast and winter storms on much of the North Central and South Center regions. Majority of the fed cattle trade this week took place on Thursday, with the bulk of live sales in the Southern Plains and Nebraska trading steady at 123.00. Late Friday morning, light dressed trade evolved in Nebraska at prices were steady compared to last week at 195.00. Poor feedlot conditions have continued to plague most feeding regions, lowering cattle performance. Boxed beef cutout values were firm to higher on Choice and higher on Select. The volume reported this week was slightly more than last week. On the Choice side, rib cuts were steady to weak while all other cuts firm to higher. Ground beef prices were slightly higher this week on lighter volume. Forward negotiated sales remain light but mostly steady when compared to last week. Beef trimmings were higher on moderate to good demand and light to moderate offerings. May you have a very blessed New Year! Auction volume this week included 68 percent weighing over 600 lbs and 38 percent heifers.
Source: USDA Livestock, Poultry and Grain Market News Division, St. Joseph, Mo.