More meat to retailers as customers cook at home and in return, cutout prices skyrocketed. Ed Czerwien, market analyst based in Amarillo, Texas, offers a concise summary of last week's beef cutout trade.
![Fed Cattle Recap]( "Fed Cattle Recap")
The cash market for fed cattle was mostly $1 higher and cash sales volume was higher than the previous week.
![Cattle Market Wrap Up with Ed Czerwien]( "Cattle Market Wrap Up with Ed Czerwien")
It's a stressful time in the cattle industry and prices continue to drop as uncertainty lingers.
Ed Czerwien, market analyst based in Amarillo, Texas, offers a concise summary of last week's beef cutout trade -- and a crazy week it's been with panic buying happening at grocery stores around the country.
The feedlot cattle trades for week ending March 14 were mostly $4-$5 per cwt lower and cash sales volume was higher than the previous week.
More feeder cattle are staying home as prices falter in the face of COVID-19
Cash prices for fed cattle continue downward trajectory.
The markets are still working to recover after last week's dramatic dip in prices. In turn, feeder cattle stayed home, with volume cut nearly in half week over week.
Ed Czerwien, market analyst based in Amarillo, Texas, offers a concise summary of last week's beef cutout trade.
While the cash market for fed cattle has avoided a major crash, the fear and panic caused by the spread of the coronavirus is taking markets lower.
