Ed Czerwien, market analyst based in Amarillo, Texas, offers a concise summary of last week's beef cutout trade.
Cash prices for fed cattle improved again and were steady to $10 higher on smaller cash sales volume.
Prices are holding steady as larger runs of feeder cattle and slaughter cows come to town ahead of Memorial Day weekend.
The cutout finally faltered and ended its endless climb higher to settle about $25 lower week over week.
The cash market for fed cattle improved as the week progressed, ranging from $1 to $1.20 on higher cash sales volume.
There was a bigger run of both feeder cattle and cows as market prices jump higher.
Higher, higher, higher. The cutout climbed another nearly $90 before finally seeming to hit its peak on Wednesday.