Stocker, feeder cattle rally until futures plunge knocks the wind from the marketStocker, feeder cattle rally until futures plunge knocks the wind from the market
Stocker and feeder cattle prices took a big jump early last week. Then the Live Cattle futures market kicked in.
February 23, 2018
A big jump in fed cattle prices last week pushed feeder cattle prices higher until Wednesday when the Live Cattle contract dropped quite a bit. Receipts at the test auctions were 46,200 head, which was 11,000 higher than last week and 12,000 higher than last year. Prices were mostly $1-$2 per cwt higher on the yearlings until Wednesday and the stocker cattle were easily $5-$7 higher.
There was a bigger run of cows at the test auctions, but a lot more bred cows were moving which reduces the slaughter cow numbers in the ranch areas. Prices were mostly $2-$3 per cwt higher in ranch areas and steady to $1 higher in big dairy areas because of larger, more consistent numbers of slaughter dairy cows.
About the Author(s)
You May Also Like
The dollars and sense of sustainabilityFeb 18, 2023
Current Conditions for
New York, NY
Enter a zip code to see the weather conditions for a different location.