The fed cattle market had not been established for the week as went to press. Boxed beef moved lower again last week as buyer demand in front of Easter remained limited. Anticipate demand to improve after Easter as purchasing will begin for grilling season and spring holidays.
Feeder cattle prices were mainly steady to $3.00 higher for the week while calves were unevenly steady. Slaughter cows were mostly steady to $3.00 lower for the week. Summer turn-out is moving into full swing through much of the country, keeping demand stout for cattle eligible for summer grazing programs. Feedlots continue to aggressively seek feeder cattle keeping those prices well supported.
Corn prices declined last week as warmer weather forecasts for the Midwest is expected to keep planting season on track.
Check out today's Chart of the Day. For recent market news and analysis, visit CattleFax.com.
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