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BEEF Magazine is the source for beef production, management and market news.
We're ready for some good news. Feeder cattle prices rebounded $13-24 in some parts of the country, though volume still remains low.
Feeder cattle prices rebounded and were $13-24 higher, regaining more than what they lost last week, but not enough yet to make up for the last three weeks of losses. Feeder cattle numbers still very low with 9,000 head at the test auctions this week comparaed to last year's 36,000 head.
The slaughter cow prices jumped up $6-8 higher and cow numbers also increased with 6,000 head at the test auctions. Cow meat prices jumped quite a bit higher again this week.
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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