Cattle feeders started moving cattle early last week and the bulk of the week’s action appeared likely to be complete ahead of the Thanksgiving holiday. Trade was called steady to 50 cents higher than the previous week at $83-84 live basis in the southern tier while Corn Belt trade was reported at $129-130 dressed. Other feeding regions were expected to
Fed cattle trade started early last week with some light trade on Tuesday in the Corn Belt and better volume followed on Wednesday when the bulk of the week’s business was completed at prices steady to $1 lower than the previous week. Cattle traded in the Corn Belt at $129-130 dressed while
The fed cattle trade came early again last week as feedlots took early bids from packing plants offering lower money in the northern Plains. Cash trade was $2-3 lower on 30,000 head sold in Nebraska and Iowa at $83-84 live and $131-132 dressed on Wednesday.
Active fed cattle trade started off early last week with live cattle trade in the southern Plains at prices $1-2 higher than the previous week on Wednesday. Texas cattle feeders managed to push live prices up to $88 while feedlots in Kansas sold live cattle at $87 and Nebraska live trade was reported at $86 late in the day.
Fed cattle trade was in progress early last week with northern Plains and Corn Belt feedlots seizing the opportunity to move cattle at prices $1-2 higher than the previous week. Dressed trade was done on Wednesday at $131- 132 while live trade in the north occurred at $84-85.
Fed cattle markets regained a little of the ground lost recently last week with early trade called at least steady to mostly higher in all areas. Early trade came at $82 in the south with dressed trade in the Corn Belt and Nebraska at $124-126.
The fed cattle market softened a little more last week as early trade was hampered by heavy carcass weights, deliveries of heavy cattle against the October live cattle contract, and continued erosion in boxed beef prices.