Home Crop Monitoring Beef Market Update: Choice cutout reaches record highs for August

Beef Market Update: Choice cutout reaches record highs for August

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Beginning this week’s episode of the Beef Market Replace with Anne Wasko of the Gateway Livestock Change, is a few positivity, in relation to buying and selling fats cattle in each the U.S. and Western Canada.

Within the southern U.S., the fat are buying and selling across the $122 mark, with the northern states across the $126-$128 mark, says Wasko.

“In Western Canada, our dressed price from the average of last week to the high of yesterday’s trade of $260 will be about $6 dressed. So $2-3 live higher, so better news on that front all the way around,” she says.

Wasko additionally notes that when speaking about money commerce, she likes to check out the wholesale value as nicely, which is creating yet one more storyline for itself, because it hit a brand new record excessive for August.

“The choice cutout last night was at $341.60. That’s $24 higher than a week ago,” Wasko exclaims. “That even surpasses numbers we had last spring. You don’t typically talk about an August wholesale market beating what we saw in May and June — but this one does.”

In the event you’ve made it this far, you’re doubtless asking the identical query we’re: is there a why hooked up to that record?

Backside line, says Wasko, is the U.S. simply hasn’t been hitting the slaughter charges they had been anticipating.

“Supply hasn’t been quite as big as people thought. And then you stir that up with now we’ve got some Labour Day beef demand. Those export levels have just been solid, and beef buyers just look like they don’t want to get caught short,” she explains.

Take a look at the complete dialog between Wasko and RealAg Radio host Shaun Haney, under:

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