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Feeder cattle prices drop significantly

TAGS: Marketing
Volume was up, but prices took a digger, dropping $3-11 week over week.

There was a big run of feeder cattle with 41,400 head at the test auctionsm which was 10,000 head higher than last week. Prices took a very big drop and were mostly $3-11 lower, losing what they gained last week and even more on some weight groups.

Slaughter cow numbers continue to climb slightly higher with 6,500 head at the test auctions. The prices were mostly $1-3 lower on the heals of the dropping cow cutout that was $175.91 on Wednesday, which was over $8 lower than the previous Wednesday.

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