National Slaughter Cattle Summary - Week ending Mar. 3rd
Wednesday, March 08, 2017 8:33 AM
Slaughter cattle sold steady to 1.00 higher, dressed sales in Nebraska 4.00 higher. Packer demand good. Seller interest also very good as producers look ahead to a discounted futures board. Boxed beef prices made gains in the week enticing packers to bid steady to strong money. Demand for beef is good as export demand is very good. Boxed Beef prices as of Friday afternoon averaged 206.06 up 7.10 from last Friday. The Choice/Select spread is 4.02. Slaughter cattle on a national basis for negotiated cash trades through Friday afternoon totaled about 152,610 head. Last week’s total head count was 141,071 head.
SOURCE: USDA-Oklahoma Dept of Ag Market News, Oklahoma City, OK