Prices skyrocket as they catch up with last week's rally

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

Feeder cattle volume increased almost 6,000 head at the test auctions totaling 26,100 head. Prices skyrocketed at the early week auctions as they caught up with the big late week rally last week.

Slaughter cow numbers were 6,400 head at test auctions from Pennsylvania through Idaho and the Southern Plains compared to mostly 3,500-4,800 head last year during July and early August. This year's big drought in the Northern Plains is moving a lot of cows to market. Prices were steady to $3 lower but cow meat prices continued to improve a little.

TAGS: Marketing
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