Feeder Cattle Higher, Feds Steady To $1 Lower

Feeder cattle sold steady to $2 higher at auction across the nation. ( FJ )

Prices for fed cattle were generally $1 lower for the week ended August 2. Cash fed cattle traded in the North at $113 to $114 per cwt., while cattle in the South sold at mostly $111. Dressed sales in the North were mostly steady to $2 higher at $183 to $185.

Feeder steers and heifers sold at auction steady to $2 for the week, though Agricultural Marketing Services reporters said some offerings in the Northern Plains were $2 to $5 lower compared to last week’s sharp increase. Some steers in the Southern Plains sold $6 to $7 higher in special sales.

The choice beef cutout closed $2.56 higher at $214.73, while Select was $2.29 higher at $190.63. The Choice/Select spread was $24.10 per cwt.

Cattle Slaughter under federal inspection estimated at 626,000 for the week, 28,000 less than last week and 2,000 more than last year.

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