National Slaughter Cattle Summary - Week ending Feb. 24th
Wednesday, March 01, 2017 8:12 AM
Slaughter cattle trading 4.00-5.00 higher. Dressed trade in Nebraska 5.00-6.00 higher. Demand is good from both sides of the fence. Cattle feeders finally in the black and continue to pull cattle on a timely basis if not early. Demand for beef remains strong, thus encouraging packers to buy. Warmer than normal weather has to help by sending some outside to grill. Boxed Beef prices as of Friday afternoon averaged 198.96 up 9.10 from last Friday. The Choice/Select spread is 3.48. Slaughter cattle on a national basis for negotiated cash trades through Friday afternoon totaled about 96,759 head. Last week’s total head count was 125,932 head.
SOURCE: USDA-Oklahoma Dept of Ag Market News, Oklahoma City, OK