Brownfield Ag News

This week in the markets - Live cash fed cattle were up $3.40 this week. Feeder cattle markets were $2 to $6 higher for the week. October live cattle closed $1.70 higher this week and September feeder cattle futures closed $0.55 higher this week. The Choice Box Beef price was $9.50 higher this week led by ribs and loins. Cash hogs closed $4.50 lower on the week. October lean hogs closed more than $2.50 lower for the week. The pork cutout value was $6.50 lower for the week, as weakness showed in in hams and bellies.Cold Storage - The Cold Storage report showed beef in storage down 6% relative to a year ago while pork stocks climbed were 9% above a year ago. Domestic demand for beef and pork appears to remain supportive given the increase in beef and pork suppliesCattle on Feed – August 1 cattle on feed inventory was 100.2 of a year ago suggesting inventory growth has been slowing. This on feed inventory cam in at the low end of the pre-report estimates. Cattle placed on feed durin