Fed Cattle, Feeders Rally $4 to $5

Cattle prices bounced higher in the first full week of trading after Memorial Day. ( Wyatt Bechtel )

With packers enjoying historic profits, cattle feeders asked for – and finally received – higher money Friday. Cash fed cattle traded at mostly $115 per cwt., with dressed trade at $182. The rally may bring feedyard closeouts back to breakeven levels.

At auctions, steers and heifers sold $1 to $5 per cwt. higher, with instances $6 to $8 per cwt higher, according to AMS reporters. Demand was reported moderate to good nationwide as more optimism was evident in the marketplace. 

Export sales continue to show strength despite the rising value of the U.S. dollar. The Choice cutout closed on Friday at $226.21 per cwt., down $1.32 from the previous Friday. Select cutout traded at $203.18, down $1.62 from the previous week. The Choice/Select spread was $23.03.

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Submitted by james on Sat, 06/09/2018 - 04:41

Cash fed cattle traded at $1 to $2 per cwt higher this week, while feeder cattle sold $4 to $5 lower.

Cattle in southern feedyards traded mostly at $127 per cwt., $1 higher. Cattle in the north traded at $127 to $128.50, which is $2 higher. Dressed sales occurred at $206 to $207.

Steers and heifers sold at auction steady to $4 lower, according to AMS reporters. Demand remains good for grazing-type cattle, and 4-weight steers are routinely fetching $200 per cwt in the Midwest.
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