Cash calf and feeder cattle prices continued to show resilience this week, helped along by rallying futures prices.
Feeder steers and heifers traded mostly steady to $5 per cwt higher during the holiday-shortened week, according to the Agricultural Marketing Service (AMS). There were instances of $6-$8 higher later in the week as futures prices gained steam.
Feeder Cattle futures closed an average of $4.59 higher week to week on Friday. Increasing chatter that wholesale beef values might have finally carved out a seasonal bottom provided some support.
Choice boxed beef cutout value was 53¢ higher week to week on Friday afternoon at $191.88 per cwt. Select was 68¢ lower at $189.97.
Listen to Wes Ishmael's Cattle Market Weekly Audio Report every Saturday morning on the BEEF magazine website. This is your report for Saturday, SEPT. 9, 2017.