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Cold weather pushes prices higher at auction markets
Jeff Swenson
Prepared and written by Jeff Swenson, DATCP Livestock and Meat Specialist. The Market Update draws information from several sources, including trade publications, radio broadcasts, agricultural news services, individuals involved in the industry as well as USDA NASS and AMS reports.
Cattle at Wisconsin and surrounding state auction markets are higher this week. The cold temperatures in the northern states are causing lighter runs at markets and are at least partially responsible for higher prices. Winter storms in the Plains will also hamper cattle movement and hinder feedlot performance.
The average carcass weight of beef breed steers nationally was 892.8 pounds on the latest report and while that’s three pounds below the previous week, it’s still 14 pounds heavier than a year ago. Last week’s harvest was estimated at 653,000 head. Early numbers indicate this week’s harvest will be below last week’s