Weekly Cattle Market Wrap Up

Weekly Cattle Market Wrap-Up | Extremely large cow run hits town

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

We saw another big run of feeder cattle with over 46,000 head which was down 4,000 head from the previous week but almost 20,000 head over last year. Prices for calves were steady to weak but yearlings bound for the feedlots were $1-$4 highers on the heels of increasing CME because many feedlots are hedging their purchases.

Turning to slaughter cows, an extremely large cow run with over 11,000 head hit the the market, but that included several bred cow specials. The prices were unevenly steady and many packer buyers were buying extra cows and sending them to feedlots because of the holiday shutdowns.

TAGS: Prices
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