![]() Feeder calves: (550 pounds): $205 per cwt average for 2022, up $35 from last year.That’s $300 per head more than last year. Fed steers: $140 per cwt average for the year, with tops up to $155.Here’s what else CattleFax predicts for cattle price outlook in 2022. Much of that decline in numbers is attributable to lingering drought over the Great Plains, where 35% of the nation’s cow herd lives. The good times should last a while with a shrinking beef herd, according to the latest USDA report, which showed cow numbers declined last year to 30.1 million head. “We had record-high retail beef prices last year, along with record pounds of production.” “Beef demand is the highest in 33 years,” he said at the price outlook report. Now, beef producers have gained back most of that leverage, said Randy Blach of CattleFax this week. Markets Analysis Back to Markets Analysis. ![]() Estimated hog slaughter was 461,000 head – up 2,000 on the week and down 7,000 on the year. Butts, bellies, picnics, and loins were higher. Pork values closed higher – up $1.16 at $80.89. Boars ranged from $15 to $25 and $5 to $10. Barrows and gilts were $3 higher with moderate demand for moderate offerings at $50 to $60. At Illinois, slaughter sow prices were $2 higher with moderate demand for moderate offerings at $16 to $25. Barrows and gilts at the National Daily Direct closed $.94 lower with a base range of $84.00 to $96 and a weighted average of $93.32 the Iowa/Minnesota closed $.20 higher with a weighted average of $94.75 the Western Corn Belt closed $.77 lower with a weighted average of $93.78 the Eastern Corn Belt closed $.06 higher with a weighted average of $90.73.īutcher hog prices at the Midwest cash markets were steady at $62. Between the summer grilling season and the implementation of Prop 12, there is plenty to monitor on the domestic demand front. Pork export sales were up on the week, but slightly below the last month’s average. ![]() Processors were able to move decent numbers without having to get too aggressive in their procurement efforts. July lean hogs closed $.85 lower at $91.92 and August lean hogs closed $.62 higher at $90.30.Ĭash hog closed mixed with a solid negotiated run. Lean hog futures were mixed, adjusting spreads watching supplies and long-term demand. Estimated cattle slaughter was 126,000 head – up 1,000 on the week and down 1,000 on the year. Medium and Large 1 feeder heifers 603 to 645 pounds brought $244.75 to $250 for an average price of $245.47 and feeder heifers 663 to 689 pounds brought $228 to $242.50 for an average price of $236.42.īoxed beef closed higher on solid demand for moderate offerings. Medium and Large 1 feeder steers 657 to 690 pounds brought $256.50 to $261 for an average price of $257.25 and fancy feeder steers 918 to 940 pounds brought $229.75 to $234.50 for an average price of $230.54. Feeder supply included 69% steers and 76% of the offering was over 600 pounds. Receipts were down from two weeks ago and on the year. The USDA says demand was good from the buyers in the crowd. Look for more trade to develop before the end of the day Friday.Īt the Huss Livestock Market in Nebraska, steers over 650 pounds were $5 to $10 higher and heifers 500 to 750 pounds were $10 to $15 higher. ![]() Bids were well below last week’s business and continue to be passed. Deals in Nebraska were marked at $296 dressed, $4 below the previous week’s weighted average basis in Nebraska. There was another light round of direct cash cattle business reported on Thursday. ![]() August feeder cattle closed $1.77 lower at $234.12 and September feeders closed $1.60 lower at $237.52. August live cattle closed $.10 higher $171.07 and October live cattle closed $.22 higher at $174.35. Feeders were pressured by the higher move in corn. At the Chicago Mercantile Exchange, live cattle were mostly higher ahead of widespread direct cash business. ![]()
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