Weekly Cattle Market Wrap Up | Bigger runs result in weaker prices

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

Feeder cattle continue to move off of grazeout wheat pastures with 48,200 head coming to test auctions. Prices were mostly $2-4 lower, but with instances of up to $8 lower. They did firm up a little midweek. Last week the mid- and late-week saw the biggest drops which were much lower than the early week sales. This week, the trend flipped and the early week sales dropped the most and midweek sales came back some.

Slaughter cow prices were very regional again with prices in the Southern Plains mostly steady with some weakness because of the very big run in that area last week. However, other areas started to follow the higher cow meat prices and were steady to $2 higher.

TAGS: Business
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