Prices drop lower again after brief respite

More feeder cattle came to town this week because prices were trending higher. However, prices got worse as the week progressed.

Ed Czerwien, Market Reporter

April 2, 2020

Last week’s price improvement pulled a lot more feeder cattle to auctions with 28,700 head at the test auctions compared to only 9,000 head the previous week. But prices dropped much lower again and were mostly $2-11 lower, getting worse as the week progressed with the exception of the lighter weight, grazing type cattle that improved just a little if they were thin.

The slaughter cow numbers were 6,200 head which was almost the same as the previous week. However, cow prices took a big drop and were mostly $7-9 lower. They also dropped even more later in the week, so the highest prices were set early in the week.

About the Author(s)

Ed Czerwien

Market Reporter

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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