Cattle producers from 23 states consigned over 75,000 head of stockers, feeders and bred stock to the Superior Livestock satellite video auction. The auction was held at the Ameristar Hotel Casino in Council Bluffs, IA. Tuesdays offerings of yearling cattle traded steady with very good buyer interest and activity for the first half of the session.

Cattle traded early last week with prices sliding $3-4 lower than the previous week at $82 live on limited numbers in the south, while in the north, cattle feeders shipped cattle at $130-131.

The fed cattle market traded steady to lower last week with early trade prices at $84 in Texas last Thursday, while cattle in Nebraska traded the prior day at $85 live and $135-136 dressed. Prices were steady to $1 lower than the previous weeks action.

Angus, Hysham, MT, $115.00, May 22, Fort Worth, TX November delivery. 550 lbs, Select Cattle producers from 18 states VAC 24, Charolais-cross steer consigned over 38,000 head of calves, Crews Groves, Inc., Avon stockers, feeders and bred stock to Park, FL, $104.00, July delivery. 550 the Superior Livestock satellite video lbs, Natural, NHTC, VAC 34 , auction. The auction was held in a Angus-cross heifer calves with slight broadcast live from the Superior Brahman influence, Seminole Tribe Livestock Auction Studio in the his- of Florida, Inc.

Fed cattle markets were looking steady to slightly higher last week as buyers came to the table looking to secure cattle to fill Memorial Day production needs. The demand has been on the increase from wholesale buyers to meet the holiday weekend sale needs.

A sagging boxed beef cutout and lackluster demand helped to pull cash cattle prices lower last week. Trade was started on Wednesday with some light volume in Texas and Colorado at $85, but much of the trade looked to be done by Thursday afternoon after Texas and Kansas feeders traded cattle at $84 live basis.

Fed cattle markets were expected to trade lower last week although the competition between feedlots and packers remained deadlocked at midday last Thursday. Trade was predicted at $87 live and $140-142 dressed, down $1-2 from the prior week when cattle traded at $87.

Fed cattle trade developed last Thursday with live trade at $88 in Texas and dressed trade at $143-144 in Nebraska, $1 higher than the prior weeks action.

Fed cattle prices got a good boost last week as buyers were aggressive in their search for the last remaining pens of yearling cattle as calf-fed cattle begin to come to market, according to analysts.

Fed cattle trade was sluggish at midweek last week, with little activity in the market as of midday Thursday. Analysts said they expected trade to come in at least steady with the previous week. However, a surge in the futures markets last Thursday had improved feedlot optimism.