November 2011 cattle market ‘most impressive in history’ | TSLN.com
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November 2011 cattle market ‘most impressive in history’

Last week may have been Turkey Week, but packers seeking cattle in the days before Thanksgiving drove the market $1 to $4 higher, reported CattleNetwork.com. Bids climbed steadily as the short week drew to a climax on Wednesday, with cattle in the South at $123 to $125.50, and cattle in the North at $125 to $127.50. .

Feeder cattle markets were $3 higher on a light test with many markets operating at reduced levels or closed for the holiday. Demand remained good, especially for the limited offering of yearlings and calves under 500 pounds.

The November cattle and beef markets produced a rally of historic proportions, according to the report.



“This has by-far been the most impressive market performance in the history of the beef cattle industry and it has happened right in the face of turkey/ham day and the seasonal lull in retail beef featuring and purchasing,” said USDA Market News reporter Corbitt Wall. The market has produced “all-time record high prices during November on most major cattle and beef products, including; Choice carcass cut-out values, 50 percent lean beef trimmings, live slaughter cattle (including CME contracts), yearling feeder cattle (including the CME feeder cattle index), and all classes of lightweight calves throughout the country.”

Last week may have been Turkey Week, but packers seeking cattle in the days before Thanksgiving drove the market $1 to $4 higher, reported CattleNetwork.com. Bids climbed steadily as the short week drew to a climax on Wednesday, with cattle in the South at $123 to $125.50, and cattle in the North at $125 to $127.50. .



Feeder cattle markets were $3 higher on a light test with many markets operating at reduced levels or closed for the holiday. Demand remained good, especially for the limited offering of yearlings and calves under 500 pounds.

The November cattle and beef markets produced a rally of historic proportions, according to the report.

“This has by-far been the most impressive market performance in the history of the beef cattle industry and it has happened right in the face of turkey/ham day and the seasonal lull in retail beef featuring and purchasing,” said USDA Market News reporter Corbitt Wall. The market has produced “all-time record high prices during November on most major cattle and beef products, including; Choice carcass cut-out values, 50 percent lean beef trimmings, live slaughter cattle (including CME contracts), yearling feeder cattle (including the CME feeder cattle index), and all classes of lightweight calves throughout the country.”


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