National Slaughter Cattle Summary - Week ending Jan. 27th
Wednesday, February 01, 2017 8:51 AM
Slaughter cattle trade demand was light on lighter demand, with trades in the Midwest and south plains steady to 1.00 lower on Friday. Dressed basis cattle in Nebraska sold 1.00 lower. Boxed beef prices were higher at the beginning of the week then came down a bit as light and moderate demand and lighter offerings came later but ultimately an overall increase sustained. Boxed Beef prices as of Friday afternoon averaged 190.82 up 2.29 from last Friday. The Choice/Select spread is 3.76. Slaughter cattle on a national basis for negotiated cash trades through Friday afternoon totaled about 93,947 head. Last week’s total head count was 123,448 head.
SOURCE: USDA-Oklahoma Dept of Ag Market News, Oklahoma City, OK