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Storms, floods slows feeder cattle movement

Prices were either side of steady as normal seasonal declines began in the feeder cattle market.

Feeder cattle receipts at auctions started their normal seasonal drop as we get close to the end of May, but the bad storms and flooding did slow movement. Prices were either side of steady with some lower and some higher especially when there was active bidding on smaller numbers like 700-750 lbs. steers. A few auctions had large numbers of steers weighing over 900 lbs. which is normal late in the wheat pasture movement.

Slaughter cow numbers continue seasonal declines in volume. However cow prices dropped after last week's big push of higher prices when packers were building inventories prior to the Memorial Day holiday when many auctions will be shut down. However dairy cow prices particularly in the East held up closer to steady partially because of more consistent volume each week during the upcoming summer months.

 

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