Cattle markets wavered this week, suggesting that the spring top is in the books as seasonal declines take hold.
Calves traded from $3 lower to $3 higher, according to the Agricultural Marketing Service (AMS), amid continued strong demand for grass cattle.
Regional weekly average stocker and feeder prices were nearly steady, too, but trade felt lots iffier later in the week as wholesale beef values tumbled and cash fed cattle lost ground.
Choice boxed beef cutout value was $7.50 lower week to week at $214.12 per cwt on Friday. Select was $11.55 lower at $204.
The weighted average price at the Fed Cattle Exchange on Wednesday was $131.17 per cwt. on 1,898 head sold. That was $2.18 less than the previous week’s weighted average on about 300 fewer head sold. Unlike the past few weeks, though, herky-jerky country trade moved in the opposite direction.
Listen to Wes Ishmael's Cattle Market Weekly Audio Report every Saturday morning on the BEEF magazine website. This is your report for Saturday, APR. 1, 2017