Current Cattle Market Daily Headlines for Tuesday, June 9, 2020

by | Jun 9, 2020 | 0 comments


Slaughter rates higher, wholesale prices lower

  • Wholesale beef and pork price have nosedived in the past two weeks.
  • Friday’s choice boxed beef cutout closed at $261.48/cw., a 28% decline for the week and 45% lower than the high we set on May 12th.
  • The pork cutout closed Friday at $72.78/cw., down 17.5% from a week ago and 40% lower than the peak on May 11th.
  • These numbers suggest that the majority of our meat processing plants finally getting back to normal levels of slaughter.
  • According to Steiner Consulting, last week’s cattle slaughter was estimated at 636,000 hd., the highest since the last week of March and only 4.3% lower than a year ago.
  • The weight of steers and heifers being slaughtered is approximately 4-5% higher, so net fed beef supplies for last week were similar to a year ago.
  • Hog slaughter last week was 2.452 million head, the highest since the first week of April and 1.7% higher than a year ago. Heavier hog carcass weights have increased pork production by 4.2% compared to a year ago.


Three poultry execs plead not guilty to price-fixing

  • Three of four poultry executives who are accused of conspiring to fix chicken prices and rig bids for broilers have entered pleads of not guilty. The fourth executive requested a continuance in order to hire new counsel.
  • All four executives were released on their own recognizance.
  • If convicted, the executives face a statutory maximum penalty of 10 years in prison and a $1 million fine.


Boxed beef prices

  • Choice boxed beef: 254.58 (-6.90)
  • Select boxed beef: $231.12 (-15.30)



  1. Current Cattle Market Daily Headlines for Tuesday, June 9, 2020 - Wild Sage News & Views - […] Read original article Author: Mackenzie Johnston […]

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How did we get here?

From the Holcomb Tyson fire to COVID-19;
Click to see a timeline of events that have brought to light the profit and pricing disparity in cattle markets.


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