Weekly Market Update | Typical holiday week slows market

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

Markets experienced a typical holiday week with feeder cattle receipts lower and prices mostly steady to $2 higher, but up to $6 higher on the bottom end because buyers had fewer cattle to bid on and once they started a load they had to finish it.

Slaughter cows also had a typical holiday week with reduced receipts and prices were uneven but mostly steady to firm with a little weakness at a couple of auctions that were extremely high last week. Cow meat prices ended last week only about 25 cents higher but by Thursday morning they were $2-3 higher and a few later week auctions responded to the those higher meat prices.

TAGS: Marketing
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