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There were 19,900 head of feeder cattle at the test auctions, which was half of last week because of the typical Memorial Day holiday week slowdown. Prices were either side of steady with less active bidding on the smaller numbers, but there were some lower and some higher prices.
Slaughter cow numbers were very low with only 3,000 head at test auctions due to Memorial Day shut downs. Prices dropped $1-3 lower on the heels of over a $3 drop in the cow cutout on Wednesday compared to the previous Wednesday.
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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