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March 11, 2017
Calves traded mostly steady to $5 higher this week as buyers continued hunting cattle suited for grazing.
“Due to limited numbers, premiums were paid for good quality, long-time weaned calves with all their shots,” say analysts with the Agricultural Marketing Service (AMS). “Discounts were placed on fleshy, un-weaned, soft bawling calves.”
While premiums were being offered for calves this week, disheartening news continues to surface within the industry as wildfire disaster strikes part of the central Heartland. Pasture and farm land burned across parts of Kansas, Oklahoma and Texas this week, with firefighters still struggling to gain control on Friday. Overall, 1.4 million acres in the three states were burned with an additional number of acres still burning in Colorado.
Kansas suffered losses on over 620,000 acres, Oklahoma reporting losses across 312,000 acres, and Texas lost over 400,000 acres so far. How these losses may affect the market remains to be seen.
Listen to Wes Ishmael's Cattle Market Weekly Audio Report every Saturday morning on the BEEF magazine website. This is your report for Saturday, Mar. 11, 2017.
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