Fewer placements helped boost feeder cattle prices

Fewer cattle on feed placements than the trade anticipated definitely helped to improve feeder cattle prices.

Feeder cattle prices were steady to $3 higher, but some weakness at times caused just a little lower bottoms and wider spreads on price ranges. Lower fed cattle prices lately is definitely causing some caution. Some new crop calves are just starting to show up at the auctions, but not big numbers yet.

Turning to slaughter cow, the typical normal increasing fall runs are starting with 6,200 head which was up 700 head at our test auctions. Prices were steady to $3 lower which is a typical decline as numbers increase every fall. The cow meat prices are declining slowly but still above last year.

TAGS: Marketing
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