The fed cattle market was not
established as went to press, but held a higher undertone. Boxed beef traded
sideways to firm for the week. Supplies were manageable but demand was slow to
improve as we move into fall.
Feeder cattle values were
steady to $3.00 higher on the week while calves were mostly steady to as much
as $5.00 lower. Demand continues to be good for all weight of cattle, but best
on weaned calves are true yearlings. Supplies of calves are increasing but
remain below year ago levels. Slaughter cows were $1.00 to $3.00 lower.
Supplies of cows are slowly increasing as weaning picks up.
Corn prices increased modestly
for the week, it appears that the harvest will be at record levels this
year.
Check out today's Chart of the Day. For recent
market news and analysis, visit CattleFax.com.
No comments:
Post a Comment