Softer beef demand and declines in cattle futures last week produced a $3 drop in cash fed cattle prices. Early week trades were reported at $127 per hundredweight, but by week’s end the top was $126. Dressed trade in the north was $201 to $202 per hundredweight.
Fed slaughter numbers are on the increase at a time when beef demand is showing weakness.
Boxed beef prices saw a significant decline for the week. Choice cutout traded at $193.84 on Friday, a decline of $4.23 per hundredweight from the previous week. Select cutout was quoted at $193.36, a decline of 44 cents per hundredweight from the previous Friday. The Choice-Select spread was 48 cents, compared to $4.27 the previous week.