The fed cattle market was $1.00 higher last week as cattle in the
south sold for $142 in a limited test. The north had not traded as we went
to press. Trade volumes were light in the south as many sellers resisted bids.
Boxed beef prices were lower for the week. Sale volumes increased as the week
progressed, which along with another light production level last week
could indicate prices are near a low.
Feeder cattle and calf values were steady for the week. Demand remained good
for all classes, yet offerings remained limited due to inclimate weather in
much of the country. Slaughter cows were quoted steady to $2.00 higher. Limited
supplies of slaughter cows has resulted in an increased demand for trimmings,
lifting cow and trimmings values higher.
Corn was modestly softer for the week.
Check out today's Chart of the Day. For recent
market news and analysis, visit CattleFax.com.
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