The Meat Processor Infrastructure Grant application period opened on Monday, February 5. The program strives to grow Wisconsin’s meat industry and improve the long-term viability of the livestock sector through services to meat processing.
The Week of January 28, 2024 ■ The USDA’s December Livestock Slaughter report shows that beef production was 1.6% lower than the same month in 2022. Total beef production for the year was 27 billion pounds,.
■ Fed cattle prices fell another $4/cwt last week while the Choice Beef Cutout dropped $6.35 to average 291.43. Cattle prices remain soft coming into this week but are about $12/cwt higher than the first of.
The two latest Cattle on Feed reports have shown placements and inventory higher than a year ago. The cash market has been lower for four consecutive weeks with the futures market increasingly volatile. This does.
■ Fed cattle prices were $4.25/cwt lower last week, with the weighted average for a beef breed steer of $180.81. December Live Cattle contracts on the Chicago Mercantile Exchange managed to end the week $1.85 higher..