The fed cattle market was steady in the South last week at $148.
Trade in the north was mostly $240 dressed, even to $2.00 higher than a week
ago. Live trade was $150 to $152, steady to mostly $2.00 higher as well. The
boxed beef cut-out advanced again last week, with loins being quoted
higher while ends were even to modestly lower. By late in the week the cut-out
was steady to softer as a result.
Feeder cattle prices were mixed, ranging from $2.00 higher to $2.00 lower while
calves were quoted $2.00 to $5.00 higher. Slaughter cows closed the week steady
to $5.00 higher also. Demand was good for all classes of replacement cattle, as
well as cattle eligible for turn-out to grass. Strong trimming prices continued
to support cull cow values at historically high levels.
Corn was higher last week, the unrest in the Ukraine, which is a large
grain exporter, fueled the increase.
Check out today's Chart of the Day. For recent
market news and analysis, visit CattleFax.com.
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