Beef Market Update: Cattle markets slow in the dog days of summer

(Clint Alley/ BY-ND 2.0)

As we approach the back half of July (!!), what many consider the dog days of summer have arrived.

It seems the cattle markets would agree.

In the southern U.S., Texas trade is sitting lower than it has been, at $136, says Anne Wasko, in this week’s Beef Market Update.

In the northern U.S., it’s a similar story — with some of the premium coming out of that market $2-$4 lower this week — putting the price at $137-$143 live, and $225-$232 dressed.

“We’re kind of narrowing that gap that we talked about a few weeks ago, as other areas get current as well,” says Wasko.

Looking at wholesale markets, the cutout price remains pretty steady this week, with choice sitting just under $268.

“For this time of year, a steady cutout — it’s really been chopping sideways for awhile — is a pleasant surprise. It tells us that it’s still moving at these levels,” she says.

In Western Canada, the Alberta cash market steadied to a dollar lower on the dressed basis, dropping numbers to about $292 delivered, notes Wasko.

“The CanFax average will probably come in around $174 and a half. Last week, it was $175. Not a very exciting week all around, but we lost a little ground. Given the calendar, it’s not a big surprise.”

Check out the full conversation with RealAg Radio host Shaun Haney, and Anne Wasko, below:

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