CattleFax for Week of February 14, 2011

The fed cattle market was primarily sideways to softer to last week in the North as cattle went for mostly $106 live and $169-$171 on a dressed basis. Trade volumes there were moderate. Trade was not established in Texas as we go to press, with sellers there passing lower bids. Kansas traded at steady to $.50 better with prices there at $106 to $106.50. Boxed beef moved lower on the week as demand on middle meats remains sluggish. Trimming demand, on the other hand, remains stout. Feeder cattle and calf prices were even to as much as $2 in spite of adverse weather and higher corn prices. Slaughter cows were sharply higher, quoted up $5 to $8. Trade volumes were light because of the cold, wet weather gripping much of the country this week. Corn prices were sharply higher as the USDA issued an ending stocks report indicating there was less corn left in bins than earlier expected due in large part to more ethanol usage. For recent market news and analysis, visit CattleFax.com.

 

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This entry was posted in Markets.

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