There were no adjustments at the start of the week, with light trade reported.
Values on cash cattle have continued to move upwards, reaching new highs. For live cattle the market was as high as $191 per hundred weigh (cwt) and dressed reached a high of $310/cwt. Reductions in harvest hours have been reported by several in the market due to tight to negative margins for the beef packers. However, increased interest led to higher asks and a wide range of trade for last week.
US Cattle Slaughter Forecast
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09.06.2024
Signs of US economic downturn send ULSD prices to 3-year low
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US fat market slides on pressure from soybean oil, energy complex
Used cooking oil (UCO), distillers’ corn oil (DCO) and yellow grease all traded lower on Friday September 6 due to pressure from the sinking heating oil and soybean oil...
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Sluggish trade volume keeps weekly animal protein prices flat
US animal protein prices were steady on Friday September 6, with market participants indicating light traded volumes for products.
Weekly wrap-up
Prices for US animal proteins were little...