Pierre, SD, USA / DRGNews
May 4, 2021 6:30 AM
CZ Cattle Market Analytics analyst Ed Czerwien from Amarillo, TX, provides the following fed cattle and boxed beef recaps for the week ending May 1, 2021.
Fed cattle recap:
The feedlot cattle trades for WE May 01 were 1 to 3 lower, and the cash sales volume was about the same as the previous week but very big numbers of forward contracts and 15-30 day delivery are used now.
The Five-area formula sales volume totaled 232,998 head compared to about 240,000 the previous week. The Five-area total cash steer and heifer volume was 58,280 head compared to about 57,600 head the previous week.
Weekly fed cattle and boxed beef recaps for week ending April 24, 2021
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Pierre, SD, USA / DRGNews
Apr 20, 2021 9:29 PM
CZ Cattle Market Analytics analyst Ed Czerwien from Amarillo, TX, provides the following fed cattle and boxed beef recaps for the week ending April 17, 2021.
Fed cattle recap:
The feedlot cattle trades for WE Apr 17 were mostly steady, and the cash sales volume was lower than the previous week.
The Five-area formula sales volume totaled 215,838 head compared to about 228,000 the previous week. The Five-area total cash steer and heifer volume was 77,599 head compared to about 96,000 head the previous week.
Nationally reported forward contracted cattle harvested was about 58,000 head this week and packers have 275,000 head for April. The nationally reported 15-30 day delivery purchases this week were 40,056 head along with over 30,000 head for many previous week. The packers already have over 90,000 head each week when you add the 15-30 day and forward contracts.
(NAFB) – This year’s grilling season rally is higher than normal, fueled by vaccine availability, stimulus checks and the opening of ballparks.
Cattle market analyst Ed Czerwien writes in Cattle Business Weekly the daily spot Choice box beef cutout ended last week, April 9, at $272.17, which was $19.32 higher compared to the previous Friday. Last year it was $223.93 on the same Friday, which was $6.51 lower, after jumping higher during the panic retail buying amid the coronavirus pandemic last year. However, last year then skyrocketed much higher during the packing plant shutdowns, topping out at $475.00 in early May.
Last week, sales totaled 6,865 loads sold for the week, 153 loads higher than the previous week. Exports were reported at 956 loads which was good, but 116 loads lower compared to the previous week and about 800 lower than two weeks ago, which is normal when prices skyrocket higher.
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