Declining prices slowed feeder cattle movement

Prices continue to hamper the movement of feeder cattle, and receipts dropped as result. Luckily, the CME rebound pushed prices higher midweek.

The drop in prices that started last week slowed the movement of feeder cattle, as a result, receipts dropped quite a bit. Prices continued to decline early week with Monday auctions mostly $2-6 lower but the big CME rebound that was up nearly the limit pushed feeder cattle prices $2-10 higher on Wednesday. But overall the bulk of the prices were still lower than last week.

Turning to slaughter cows, there were a few big storms and some auctions that did report on the holiday, but the reported test auctions still had 7,600 head which was a good run. Prices were mostly $2-3 dollars lower but a couple auctions in storm areas were steady.

TAGS: Marketing
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