Higher, higher, higher. The cutout climbed another nearly $90 before finally seeming to hit its peak on Wednesday.
Cash prices for fed cattle were as much as $10 higher.
It was a better week in terms of prices for both feeder cattle and slaughter cows.
The cutout continues its mad dash higher, ending $84 higher. It's $200 higher than the same week last year.
The cash market for fed cattle improved slightly on steady sales volume.
Wheat pastures are grazed out and feeder cattle headed to town. Volume was almost 11,000 head higher than the previous week.
Prices continue to march higher, breaking all-time records as COVID-19 continued to slow plants. Ed Czerwien, market analyst based in Amarillo, Texas, explains.
Packing plant woes rock the entire beef production chain.
Feeder cattle prices were $1-8 higher.