The fed cattle market was $4 to $5.00 higher for the week. In the south,
the bulk of the sales occurred at $150. In the north, most of the trade was
recorded at $150 to $152.50 on a live basis and $240 to $242 dressed. Trade
volumes were moderate.
Boxed beef moved higher again last week as production remained limited.
Asking price were ending the week sharply higher due to the higher fed cattle
market last week as packers attempted to regain lost margin due to the
higher cattle prices. Feeder cattle prices were narrowly mixed through the
week, ending near steady. Calf values were even to $5.00 higher for the week as
turn-out interest begins in earnest. Slaughter cows were steady to weak,
following several weeks of higher prices.
Corn ended the week higher, as sellers remain reluctant to market last fall's
crop.
Check out today's Chart of the Day. For recent
market news and analysis, visit CattleFax.com.
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