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Feeder prices drift lower, slaughter cows higher

Market analyst Ed Czerwien provides his weekly market outlook on feeder cattle and slaughter cows.

Feeder cattle prices continued to drift lower but not as big of a drop as last week and with some improvement on Wednesday with the CME Feeder cattle turnaround. Receipts continue their normal seasonal decline this time of the year.

When it comes to slaughter cows, we are seeing the typical summer situation with lower slaughter cow numbers after beef cows are turned out on pastures and higher cow meat prices almost every week. Prices were $1-3 higher with the biggest increases on dairy cows.

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