CME rally offered feedlots risk management flexibility

Market analyst Ed Czerwien provides his weekly market outlook on feeder cattle and slaughter cows.

Prices were steady to $3 lower early in the week, but $3-$5 higher on Wednesday as a big rally on the CME allowed feedlots to bid much higher on their risk management programs ability to hedge cattle.

Looking at slaughter cows, a very big run of cows with wide swings in prices depending on regions influenced prices at the auctions. Additionally, cow meat prices moved up and down during the week and price trends at the test auctions were quoted anywhere from $5 lower to $5 higher.

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