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Fed Cattle Higher Last Week,
Movement Good In Early Trade
OKLAHOMA CITY —(USDA)— Slaughter cattle across the country sold
$3 higher live last week, $3.50-4 higher dressed. Packer demand was
good and the bulk of showlists cleared by Wednesday.
Since weather-related problems for the Northeast let up two weeks
ago, the live market has moved up $6 as normal beef shipments to the
area have resumed.
News that Mexico has lifted the ban on U.S. boneless beef under 30
months of age alleviated some of the anxiety over light kills versus
substantial on-feed numbers. Never-theless, feedlots remain current in
their marketings.
Boxed beef values Friday morning averaged $137.32, up $6.45 from
the previous Friday.
Sales of slaughter cattle on a national basis for negotiated cash
trades were substantial at 233,400 head through Friday morning. The
previous week's full count was large at 285,000 head.
High Plains direct trade on 35-65 percent Choice steers and heifers
weighing 900-1400 pounds was $82-86.50, weighted average $84.97.
Midwest direct prices on 35-80 percent Choice steers and heifers of
900-1400 pounds were $83-86.50, weighted average $85.25, dressed
550-950 pounds $132-138, weighted average $135.25.
Slaughter cows and bulls were $1-2 lower except in Alabama, which
was steady. The cutter cow carcass cutout value closed Thursday at
$98.45, down 82 cents from the previous Friday. Colorado breakers
weighing 1100-1600 pounds brought $44.50-47, boners 1100-1500 pounds
$45-48.50, lean 1050-1400 pounds $46.50-49, and bulls 1500-2200 pounds
$61-64.50. Oklahoma breakers were $46-49.50, boners $49.50-51, lean
$47.50-49.50, and bulls $61-64. Alabama breakers were $42-47, boners
$44-47, lean $38-42, and bulls $53-57.
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