CattleFax for the week of January 17, 2011

CattleFax — The fed cattle market was $2 to $3 higher last week as cattle in the South sold for $108, while trade in the North was collected at mostly $108 to $108.50 live and $172 to $173 dressed. Trade volumes were light to moderate. The boxed beef market was also higher on the week as asking prices were raised sharply as it became apparent that fed cattle values would rise. Volume slowed as the prices increased. Feeder cattle prices were quoted steady to $2 higher this week while calves were mostly steady. Slaughter cows were even to $2 better. Trade volumes remained limited in many of the regions due to adverse weather conditions. Corn prices were higher this week as a USDA crop report came out this week that noted lower yields and crop size than expected. For recent market news and analysis, visit CattleFax.com.

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This entry was posted in Markets.

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