Aggressive feedlot marketing and continued demand for calves aimed at grass turnout helped lift calf and feeder cattle prices this week. Steers and heifers traded mostly steady to $4 per cwt higher, according to the Agricultural Marketing Service (AMS). Analysts point out there were instances of $6-$10 higher in parts of the country where calves are headed south for grazing.
A surge in cash fed cattle prices underpinned market optimism. Cash fed cattle prices were $4-$5 higher on a live basis at mostly $124-$125 per cwt. Dressed trade was $6 higher at $196.
Listen to the Cattle Market Weekly Audio Report every Saturday morning on the BEEF magazine website. This is your report for Saturday, Feb. 25, 2017.