Fed cattle to new records

Fed cattle to new records: feeders, boxed & retail beef advance 

THE NEW MEXICO LIVESTOCK BOARD WILL BE HOLDING A DESIGN CONTEST FOR THE COVER OF THE 2012 BRAND BOOK. THE OVERALL WINNER WILL HAVE THEIR DRAWING ON THE COVER OF THE BOOK. THE RUNNER UP WILL BE ON THE INSIDE COVER.
Rules:
·        You must be between the ages of 6 & 12
·        The design must represent the New Mexico branding tradition. This drawing may pertain to cattle or sheep.
·        Submit a photo of yourself with your drawing
(This photo will not be returned)
·        Drawing must be on 8.5 x 11” white paper
In Addition, there will be three age categories, 6-8, 9-10, & 11-12. The first place winner of each group will also have their drawing on the inside pages. A photo of the winners will also be placed inside. Each winner will also receive a 2012 brand book. The drawings will be judged by the NMLB Board Members.
Please submit your drawings to:
New Mexico Livestock Board
Brand Department
300 San Mateo NE, Suite 1000
Albuquerque, NM 87108
YOUR DRAWING MUST BE SUBMITTED BY MAY 1, 2012

Greg Henderson, Editor, Associate Publisher, Drovers Cattle Network
Updated: February 20, 2012

New record-high prices were recorded last week as cash fed cattle
traded $4 to $6 per hundredweight higher. Southern feedyards sold
cattle at $128 to $129, with tops in Texas at $129.50. Northern
feedyards traded at $128 to $129 live and $202 to $203 dressed. Such
prices take the value of a finished steer to nearly $1,700 per head.

Higher cattle prices last week were fueled by rising futures prices
and advancing boxed beef prices. Choice boxed beef cutout values were
quoted Friday at $190.45, and advance of $3.80 from the previous week.
Select values were $185.90, an increase of $4.02 from the Friday
before. The Choice/Select spread was $4.56, narrowing 21 cents from
the prior week.

Higher cattle and beef prices are pushing retail prices higher, and
January saw new record levels. The USDA All Fresh retail beef price
was $4.64 per pound, up 9 cents from December and 39 cents higher than
one year ago. The USDA Choice retail beef price was $5.09 per pound in
January. That compares with USDA’s retail pork price of $3.50 per
pound in January and the broiler price of $1.86 per pound in January.

Despite the higher boxed beef prices, packers continue to struggle
with negative margins. That scenario may continue for a while as fed
cattle supplies are expected to tighten over the coming six to eight
weeks, supporting ideas of cash fed cattle prices climbing into the
low-$130s per hundredweight.

Not to be left out of the party, feeder cattle prices posted another
advance last week, with steers and heifers firm to $3 per
hundredweight higher. Calf prices were quoted at $2 to $5 higher on
the growing plague of grass fever among stocker operators. But demand
for both feeders and calves remains high, leaving buyers to bid up or
sit on the sidelines…

For more visit www.cattlenetwork.com/cattle-news/Fed-cattle-to-new-records-feeders-boxed-and-retail-beef-advance-139578334.html