Cash trades for fed cattle were mostly $2-$5 higher with much lower numbers of 15-30 day delivery cash sales, meaning nearly all cash trades were available for immediate delivery.
Cattle futures rise as prices strengthen.
Economics suggest market reaction following the Tyson fire was in line with the market shock that temporarily shuttered 5-6% of fed cattle capacity.
Stronger Cattle futures and the previous week's Cattle on Feed report helped boost cattle demand.
Prices managed to stay $3-$5 higher as more feeder cattle came to auction barns.
Ed Czerwien, market analyst based in Amarillo, Texas, offers a concise summary of last week's beef trade.
The cash market for fed cattle was mostly $1-2 higher on bigger numbers.
Improvement for calves and yearlings lead market upward over the last week
Industry wants look at market reaction fast as possible, but also thorough.