There was no USDA report for Monday negotiated cash fed cattle trade at press time.
Last week, FOB live prices were $203/cwt., which was $3 lower in the Southern Plains, $5 lower in Nebraska and $2-$5 lower in the western Corn Belt.
Dressed delivered prices were $7-$8 lower in Nebraska at $320-$321. The previous week, dressed delivered prices were $328 in the western Corn Belt.
Choice boxed beef cutout value was $1.00 higher Monday afternoon at $315.70/cwt. Select was 91¢ lower at $306.23.
Futures and Equity markets were closed Monday in observance of President’s Day.
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Increased beef consumption and increased beef prices underscore beef demand strength, says Derrell Peel, Extension livestock marketing specialist at Oklahoma State University, in his weekly market comments.
“The all-fresh retail beef price for January was $8.15 per pound, up 4.3% year over year. All-fresh beef retail prices have averaged 5.2% higher month over month for the last year, leading to retail all-fresh beef prices for the past 12 months at a record average level of $8.27 per pound,” Peel explains. “Per capita beef consumption in 2024 was unexpectedly higher at 59.7 pounds as a result of constant domestic beef production and larger net imports of beef.”
Similarly, Peel points out wholesale Choice beef cutout prices have averaged 11.8% more year over year for the first six weeks of 2025.
“Prices are higher for all primals with stronger prices for end meats relative to middle meats,” Peel says. “Prices for rib primals are up 9.2% year over year with loins prices up 4.6% compared to the first six weeks one year ago. Chuck prices are 14.8% higher and round primal prices are up 22.3% year over year.”
Moreover, Peel points out all-fresh retail beef prices continue to increase relative to pork and broiler prices.
You can hear more of Peel’s market insights here.