CattleFax for Week of February 28, 2011

The fed cattle market continued its higher trend last week finishing mostly at $111 to $112 live and $178 to $180 dressed. Trade was active from Kansas down through the Panhandle with prices $1 higher. Prices were $1 to $2 higher in Colorado and Nebraska on moderate trade. Boxed beef prices were steady to $2 higher as sale activity picked up for strips, short loins and ribs late in the week and end meat inventories tightened as sales reach the end of the month. Feeder cattle prices remained steady to $3 higher, while the feeder cattle index reported an all-time record price of $128.84. Calves were steady to $5 higher, and slaughter cows were steady to $2 lower. Corn prices started the week lower on concerns about Middle East stability, but ended even for the week. For recent market news and analysis, visit CattleFax.com.

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This entry was posted in Markets.

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