The fed cattle market
traded mostly $2 lower live and $3 to $5 lower dressed. The South traded mostly
at $126 live. In the North, live sales occurred at $127, while the dressed
trade was established primarily at $202 to $204.
Boxed beef was about $3 higher last week on seasonal demand. Choice moved
higher than Selects, widening out that spread. Feeder cattle prices were uneven
to lower on a very light test in most regions. The calf market was uneven by
region as well. Slaughter cows were steady for the week - 90's trim prices
continue to be soft on elevated cow kill.
Corn was lower last week as planting fears have somewhat been lessened and the
USDA report was very neutral.
Check out today's Chart of the Day. For recent
market news and analysis, visit CattleFax.com.
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