Beef demand remains strong both domestically, internationally

Well prepared and written by Jeff Swenson, DATCP Livestock and Meat Expert. The Marketplace Update…

Well prepared and written by Jeff Swenson, DATCP Livestock and Meat Expert. The Marketplace Update attracts details from various resources, including trade publications, radio broadcasts, agricultural news products and services, people concerned in the business as well as USDA NASS and AMS studies.

 Negotiated cattle trade was sluggish to develop this 7 days as feedlot entrepreneurs held out for better dollars. Packers are finding a good provide of fed cattle by auction markets and contracted channels as harvest figures are functioning ahead of very last 7 days.

Prices have been constant to increased in the northern U.S. but reduced in the south. There are divergent viewpoints on fed cattle price ranges moving forward with some believing we have witnessed the summer months lows. Other folks level to seasonal need usually backing off after Independence Day and signals that purchaser investing on beef is shifting. Even so, beef need continues to be solid both domestically and internationally.