The Markets

By: Katelyn McCullock, Economist American Farm Bureau Federation

Choice boxed beef continued its climb for the 4 week in a row, and increasing the choice select spread by another $1.41. Montana and Nebraska feeder prices increased last week up, while Oklahoma feeders slipped just below the previous week.  Across all three feeder markets, prices are down about 20% compared to a year ago.  The 5 area fed cattle market was up slightly compare to last week.

 

  Week of Week of Week of
Data Source: USDA-AMS Market News 3/3/2017 2/24/2017 3/4/2016
      $/cwt  
5-Area Fed Steer all grades, live weight $124.76 $124.40 $135.76
all grades, dressed weight $199.98 $195.90 $213.91
Boxed Beef Choice Price, 600-900 lb. $205.84 $194.48 $219.22
Choice-Select Spread $4.03 $2.61 $6.94
700-800 lb. Feeder Steer Montana 3-market $132.02 $126.17 $155.59
Nebraska 7-market $134.31 $134.26 $165.72
Oklahoma 8-market $128.80 $130.84 $159.99
500-600 lb. Feeder Steer Montana 3-market $160.84 $153.14 $194.04
Nebraska 7-market $167.68 $160.69 $206.00
Oklahoma 8-market $156.63 $158.44 $193.26
Feed Grains Corn, Omaha, NE, $/bu $3.38 $3.32 $3.51
DDGS, Nebraska, $/ton $100.00 $100.00 $132.30

 

Posted in

Tagged keywords...