Weekly Market Update | Higher prices pull more feeder cattle to town

Market analyst Ed Czerwien provides his weekly market outlook on feeder cattle and slaughter cows.

Ed Czerwien, Market Reporter

June 8, 2017

Feeder cattle prices had a big rally and were easily $4-12 higher which helped pull more cattle to town after the holiday week. There was 41,200 head at the test auctions which was twice of last week's holiday run and compared to 33,000 head last year.

Slaughter cow prices were steady to $2 higher on the back of increasing cow meat prices. The big news recently is that Caviness Beef Packing in Hereford, Texas, teamed up with Simplot and are now opening a new high-technology cow plant outside of Boise, Idaho, which is definitely supporting ranchers and dairy cow producers.

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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