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perspec
Veteran Contributor

Meat market

Anybody follow the hog and cattle markets?  It looks like the fundamentals have caught up to the hog market.  Prices lower.  Cattle continue their "moon shot" higher.  Cold storage showed an unexpected increase in beef storage.  Mabye just a blip, maybe something?

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5 Replies
crophugger
Senior Contributor

Re: Meat market

Cash cattle hit 1.70 live today

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sw363535
Honored Advisor

Re: Meat market

Feeders were off with hogs

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sw363535
Honored Advisor

Re: Meat market

Lets face it if there were ever a time to hedge feeders is this not it..........

 

Or are 3.00 feeders in the consumers pocket.

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Shaggy98
Senior Advisor

Re: Meat market

Neighbor friend of mine sold all his yearling calves today at a local auction barn. He said weight varried from upper 500# to lower 700# and he averaged $1595 per head, heifers and steers.

Pretty decent ticket if you ask me, wish I had a couple hundred of my own.
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perspec
Veteran Contributor

Re: Meat market

Turning point (or not) will be in the cash cattle market in the next week or two.  I think that $170 fat cattle was a worthy target.  Not many times has beef been 2 1/2 times the value of pork.

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