low feed prices

Low Feed Prices Drive Carcass Weights Higher

Dressed steer weights the first three weeks of September were 25-29 lbs. heavier than the five-year average, according to analysts with the Livestock Marketing Information Center (LMIC). Even so, with short cattle numbers, LMIC analysts expect the market to absorb the heavier weights and still maintain fed cattle prices near current levels.

“For hogs, broilers, turkeys, and steers and heifers, this summer has seen the best feed price ratios since 2006,” say analysts with the Livestock Marketing Information Center (LMIC). “With expectations of even lower feed costs in the fourth quarter, feed price ratios are expected to continue to improve, and in some sectors could break records.”

Although alfalfa and other-

TAGS: Prices
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