Brownfield Ag News

·This week in the markets – Fed cattle prices are down nearly $3 this week and feeder cattle markets were $2 to $8 lower this week. We did see some recovery in futures prices with the live cattle future contract up $3.10 and the October feeder cattle futures closed up $3.75. The Choice Box beef price retreated this week by nearly $7, with loins and ribs dragging prices lower. The cash barrow and gilt prices were down $4.25. The October lean hog contract was up $3.40 this week. The pork cutout value lost $2.17, with bellies showing the largest weakness. ·Consumer sentiment – The September Consumer Sentiment data show a 2.4 percent rebound from the August decline, yet remains 8 percent below the same period a year ago. Consumer expectations continue to drag the overall index lower.·Retail Prices – The August Choice Beef price fell $.07 from a month ago, which leaves it a penny below year-ago levels. The Pork retail price was $.03 lower relative to July, but remains $.08 A