Ed Czerwien, market analyst based in Amarillo, Texas, offers a concise summary of last week's beef trade.
It's good news for feeder cattle. Even though the fall run has pushed more cattle to town, prices have stayed $1-3 higher on the backs of improved fed cattle prices.
The cash market for fed cattle was mostly $1-3 higher on slightly lower immediate cash sales but larger out-front cash volume.
Demand declines slightly while late crop adds to slower week