CME volatility results in wild swings in feeder cattle markets

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

Feeder cattle receipts following normal seasonal declines and prices were either side of steady from $3 lower to $5 higher with wild gyrations based on the big swings that the CME had on the sale days. Big losses on the fed cattle prices and box beef continue to put negative pressure on the feeders, along with the big placements on the cattle on feed report.

There also was a bigger run of slaughter cows at auctions because next week many auctions will be shut down for the holidays. Prices were steady to $1 higher with the higher prices mostly in the Southern Plains which are looking at lower numbers this time of the year. Dairy cow prices were mostly steady.

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