Fed cattle prices dropping further

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Looks to my uneducated eye that the finished markets are full, and buyers are looking more for the lower cost cuts and ground for the end consumer. Explains why feeder calf markets are being more careful about what they buy now
 
yes the holidays are why beef sales have leveled off.but by mid jan the surpluses will go back down.
 
from our local market
"Slaughter classes sold 3 to 5 lower. Calves and feeder cattle absolutely on fire again trading 5 to 10 dollars higher than last week. Replacement cows 100 to 150 dollars per head higher . Fed cattle in the Western feedlots steady selling @ 168.00 to 170.00"
 
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$167 is still a great price for fats. A few weeks ago it was a new record high.
The strong dollar has slowed imports a little and Australia has a 200% increase in exports to the U.S.
Slaughter weights are up, which is a smart move and has helped with the numbers being down.
Life is still very good for the cow-calf people in the U.S.
 

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