Cattle Call: Beefy Prices, Lighter Weights, & Your Herd's Bottom Line
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Cattle Call: Beefy Prices, Lighter Weights, & Your Herd's Bottom Line
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This is your Daily Live Cattle Price Tracker with Vanessa Clark podcast.
Hey friends, welcome back to the Daily Live Cattle Price Tracker with me, Vanessa Clark. Today we're diving into the freshest updates on live cattle prices, market moves, and what it all means for you whether you're a rancher, trader, or just keeping tabs on this key commodity.
First up, the big number everyone's watching: as of December 19, right now at 229.86 USd per pound, according to Trading Economics. That's up 0.63 percent from yesterday when it dipped to 228.58. Over the past month, we've seen a solid 7.05 percent climb, and year-over-year, prices are up a whopping 20.24 percent. Futures are showing some rebound too, with February live cattle closing at 230.80 after a bullish weekly push, per Pro Farmer reports.
Cash markets had some push and pull. Packers leaned on softer futures and muddy conditions in Nebraska to nudge live bids down to around 228 dollars in spots, but dressed prices actually strengthened to 357 dollars in the north, up 2 bucks. The Ag Center notes slaughter hit 596,000 head this week, down just a bit, though profit margins squeezed out with rising cattle costs and softer box prices. Carcass weights came in at 954 pounds, lighter than last week but heavier year-over-year, and quality grades hit 86.2 percent choice and prime, boosting holiday prime cuts on shelves.
On the cattle on feed front, USDA NASS says December 1 inventories are down 2 percent from last year at 11.7 million head, with November placements at 89 percent of expectations and marketings off 12 percent. Feeder cattle auctions stayed firm, with steers 700 to 900 pounds fetching 302 to 342 dollars per hundredweight in USDA summaries.
Looking ahead, Trading Economics forecasts 230.72 by quarter's end and 243.78 in 12 months. If you're trading or managing a herd, keep eyes on weather drying out pens and packer demand ramping for year-end. A practical tip: track those weekly USDA reports Tuesdays for benchmarking your sales against national averages, and consider locking in feeders now with futures spiking green.
That's your daily scoop, folks. Thanks for tuning in, grab that subscribe button, and join me next time for more live cattle insights. Talk soon!
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