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Markets saw the biggest fall run of the year with 56,600 head of feeder cattle at the test auctions, including a very big run of new crop calves and lighter weight yearlings. The prices were mostly $2-7 lower but some midweek auctions were up to 10 lower
Slaughter cow prices dropped $2-4 lower, losing most of last week's gains. Last week's prices really jumped as buyers fought over cows after the previous holiday week when numbers were small as many auctions were shut down during that Thanksgiving week. However prices are still $1-2 higher than prior to Thanksgiving.
Ed Czerwien is a market analyst in Amarillo, Texas. From the heart of Cattle Feeding Country, Ed follows the cattle and wholesale markets to keep beef producers up-to-date on the market moves that affect them. He previously worked with USDA as a Market News reporter. Ed is now semi-retired and continues to work with cattle trade analysis.
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