Saturday, February 24, 2024

Gobble Gobble! Turkey Week Kind to Beef Prices

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The following is portion of an article from Drovers CattleNetwork:

 

by Greg Henderson, Associate Publisher

 

Cattle markets saw stronger prices and firm demand in a holiday-shortened week. Packers turned aggressive late Wednesday driving cash fed cattle prices $2 per hundredweight higher at $127 to $128. Cattle sold on a dressed basis at $4 to $5 higher at $201 per hundredweight. Packer demand was called “very good.”

 

Analysts expect cattle owners to begin the week asking $130.

 

Boxed beef prices gained throughout the week. Choice boxed beef traded Friday at $196.33, an increase of $3.31 per hundredweight from the previous Friday. Select boxed beef gained $1.09 for the week to $174.17. The Choice-Select spread finished the week at $22.16 per hundredweight, an increase of $2.22 from the previous week.

 

CLICK HERE to read the remainder of this article.

 

 

 

Source:  Drovers CattleNetwork

Posted by Haylie Shipp

 

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