US Perspective—02.12.08
03/12/2008
November ended with continued pressure on the hide markets. The steer prices settled at around $42-$44, heifers at $34-$38, and branded cows in the $11-$12 range.
Slaughter ended at 584,000, down 12,000 compared with Thanksgiving week a year ago. Lower kill numbers are the result of pressure on margins for packers, created by lower demand for beef at retail and food service.