The August #feeder cattle contract traded within a $12.75 range last week, closing near the high at $281.25. Market #volatility remains notably high heading into March.
Boxed #beefprices have declined steadily since mid-January. As of the February 28 afternoon report, Choice stands at $311.83 and Select at $302.05, with the Choice-Select spread narrowing from over $36 in November to $9.78.
On Friday February 21st the USDA released their monthly #cattleonfeed report. It’s critical to remember that the January 2024 report showed notably low #placement values due to inclement weather, resulting in inflated values below.
USDA's 1/31 Annual Cattle Inventory Report shows 86.7M head, 1% lower than 2024. For U.S. #beef supply analysis, it's critical to consider factors such as increased carcass weights and the significant role of #imports, now comprising nearly a third of #domesticsupply.
Along with record high prices, the #livecattle market has seen record #basis in the north the last two weeks as illustrated in the chat relative to the 5 and 10 year Olympic averages.
Next week, catch Balance4ward at #CattleCon25 for the @BeefUSA conference in San Antonio, Texas.
We are co-hosting a #Networking Reception! Stop by to visit with like-minded cattlemen over complementary drinks. Check out more information on our event page
https://t.co/RYT45SssiH
@USDA's 1/31 Annual Cattle Inventory Report shows 86.7M head, 1% lower than 2024. For U.S. #beef supply analysis, it's critical to consider factors such as increased #carcass weights and the significant role of #imports, now comprising nearly a third of domestic supply.
Live cattle cash market touched record-high prices again. In the North, #cattle traded as high as $212/cwt. South saw prices of $208/cwt. It's essential for cattle producers to remain mindful of inherent risks ahead, especially as we approach the five-year mark of this bull run.
Shoutout to our Q4 Core Values Winner: James Hogan!
As our Sales Support Specialist, James is the definition of a team player and idea generator. His determination inspires us daily, and his dedication to living our core values of Go - Fail - Think .
Congrats, James!
We’re excited to announce a special Lunch & Learn webinar where we’ll discover the key insights from Balance4ward’s Market Recap.
Don’t miss out on this opportunity to gain valuable industry knowledge!
📅January 23rd (Tomorrow!)
⏲️12:00 pm-1:00 pm
💻https://t.co/44cMe6BRrq
Congratulations to our Q3 Core Values recipient, Cattle Business Manager Ryley Spatz!!
We commend you on your display of company values to Go - Fail - Think. Great job Ryley! 👏