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Feeder cattle prices stay steady to $3 higher

Slaughter cow numbers were similar to last week, but did see a better week for prices as the 90% trimmings jumped in price.

This week's market saw another good run of feeder cattle at the test auctions, especially with a large number of steers over 800 lbs and heifers over 700 lbs. The prices were mostly steady to $3 higher, but the top prices were set early in the week and then dropped on Wednesday on the heels of the big drop in the CME.

Slaughter cow numbers were almost the same as last week at the test auctions. Cow prices were $1-4 higher as the cow cutout and 90% trimmings jumped in price. Also the 90% trimmings, which are the biggest product from the cow and over 70% of the value in the cow cutout, were $2-4 higher than last year during this week.

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