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As more and more auctions shut down ahead of the Christmas holiday, cow prices actually rallied $1-3 higher as packers pushed to get enough numbers for the next few weeks.
A slow start to a otherwise normal seasonal rally, and an abrupt end to the Prime Rib rally, has created a lull in the market and in turn, pushed the cutout lower.
Slaughter cows prices started a seasonal decline and cattle movement slowed as prices declined; plus, a closer look at the spread between dairy and beef slaughter cows.
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.
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.
