Ed Czerwien, market analyst based in Amarillo, Texas, offers a concise summary of how last week's beef trade impacted the cattle market and beef prices.
The feedlot cattle trade was $1-$2 higher again with much bigger volume for cash cattle sales.
Fed cattle sell up to $3 higher as the week comes to a close.
Beef imports to the U.S. are less than last year, while live cattle imports from Canada and Mexico are lightly higher.
Cash fed cattle prices were as much as $3 higher at $111.00-$111.50 per cwt on a live basis and $175 in the beef.