Fed cattle to new records | The Triple A Livestock Report

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

Animal Health Black Ink Book Reviews Caren Cowan Cowboy Heroes Estrays Farm Bureau Minute Global Economy In Memoriam Jingle Jangle Lee Pitts N.M. Federal Lands News N.M. Livestock Board NMCGA Presidents Letter Obituaries Old Times & Old Timers On the Edge of Common Sense Riding Herd Scatterin' the Drive To The Point View From the Backside/td>	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	Categories Aggie Notes Beef Checkoff Black Ink Book Reviews Climate Change COOL Cowboy Heroes Cuts From the Edit Room Floor Endangered Species Environment Estrays Factory Farming Farm Bureau Minute General Global Economy In Memoriam Jingle Jangle Lee Pitts Letters to the Editor Marketing Our Products Merger Nat'l Animal ID System NM Federal Lands News NM Livestock Board NMCGA President's Letter Obituaries Old Times & Old Timers On the Edge of Common Sense People Press Release Press Releases Price Reporting Property Rights Riding Herd Scatterin' the Drive Strategic Alliance To The Point View From the Backside
Office: 505/243-9515 • Fax: 505/998-6236 • NEW MEXICO STOCKMAN \| P.O. Box 7127, Albuquerque, NM 87194 LIVESTOCK MARKET DIGEST \| P.O. Box 7458, Albuquerque, NM 87194 COPYRIGHT ©2010-2015, RAINY DAY, INC. All rights reserved. Redistribution or commercial use of any editorial or images from this website is prohibited without express written permission from the editor. Reproduction in whole or in part without the express written permission of the editor is prohibited.

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

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