Cattlefax Update

The fed cattle market lost $1 to $3 last week in a light to moderate trade. In the South, the bulk of the sales occurred at $101, while northern sales were at $101 to $102 live and $160 to $162 dressed. The boxed beef market closed the week softer as holiday buying slowed. Trimmings are very much in demand and are providing some support for the cut-out. Feeder cattle prices closed the week $1 to $2 firmer while calves were steady to $2 better. Demand is good for all weights of replacement cattle. Slaughter cows were $1 to $2 higher, reflecting lighter supplies and improved demand for grinding product. Corn prices remained range bound as a lack of fresh news is currently available to push prices far one way or the other. For recent market news and analysis, visit CattleFax.com.

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