The Beef: Fear and hope

Last week’s fed cattle market took a huge dive, losing $5 for the bulk of the trade and even an extra $1-2 late Friday. The last time cash averaged near $110 was the first week of December 2016. The cutout last week averaged $8 higher than that same week in 2016, both time frames very profitable for beef packers. The Beef‘s Cassie Fish looks at fed cattle market trade, supplies and cash averages. Read more…