Cattlefax

The fed cattle market was $1 to instances $2 lower lasst week in a moderate trade. In the South, sales were collected at $104 to mostly $105. For the North, the bulk of the trade was at $104 live and $167 to $168 dressed. The boxed beef market was steady to firm early but weaker late. Load counts remained light. Trimmings and rounds continue to provide support. Feeder cattle prices were steady to $3 lower for the week while calves traded in a wide range from as much as $3 higher, to instances of $2 lower after what have been very sharp advances over the past few weeks. Slaughter cows were even to $2 higher. Corn prices were primarily range bound this week on a lack of fresh news to move the market. An annual Cattle inventory report was issued today. All cattle were reported at 92.58 million, the trade was expecting 92.31 million head. This is down 1% from 2010. For recent market news and analysis, visit CattleFax.com.

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This entry was posted in Markets.

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