Weekly Cattle Market Wrap Up | Feeder cattle prices see big jump

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

Feeder cattle prices took a big jump on the heels of improving box beef and futures and was mostly $3-11 higher. Receipts dropped down which is normal in April because cattle that are turned out on graze-out wheat pastures normally stay until later in May.
Slaughter cow numbers started to decline as cows are getting turned out on pastures. Prices were steady to $2 lower on the heels of wide swings on 90 percent trimmings prices which make up about 70% of the value of the cow cutout. These wide day to day swings on prices really impacted day to day bidding at the cow auctions.

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