Ed Czerwien, market analyst based in Amarillo, Texas, offers a concise summary of how last week's beef trade impacted the cattle market and beef prices.
More cows, more feeder cattle as the fall run continues.
The rib primal continues to pull the cutout higher. This is a somewhat seasonal trend, but it has started much earlier than it did 2017. In October 2018, the rib primal jumped $36.
The feedlot cattle trades were $3 to $4 higher, with big cash sales volume.
Some producers may be able to stock wheat pastures heavier this fall.