Ed Czerwien, market analyst based in Amarillo, Texas, offers a concise summary of last week's beef trade.
The cash trade for fed cattle was mostly $2-4 higher on slightly higher sales volume.
Variable prices at markets, but gains reported
The risk going forward is whether packers can maintain such high slaughter rates.
Deepening regional drought applies calf price pressure in some areas.
Slaughter cow market continues steady as more cull cows came to market. Feeder cattle volume continues strong as well.
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.