Paul Dykstra

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With large moves in both directions, fed cattle prices have been erratic for the past three weeks.
The passing of the early summer seasonal high in fed cattle values came two weeks earlier than last year but was aligned with that of 2023.
The Nebraska and Iowa/Minnesota reporting regions continue to lead the way with a trading range from $239 to $244/cwt.
Live cattle futures continue to ignore the strength in spot cash trade with a sharp downside correction last Wednesday, extending into Thursday, pulling $5/cwt.
Fundamental supply and demand have taken control of spot fed cattle values over April Live Cattle futures lows.
The fed cattle market was sharply higher last week with a $4.29/cwt. upward move.
The 2025 fed cattle harvest has run very close to a year ago with the full production weeks averaging 473,000 head, a 1,600-head increase over the same period last year.
Last week’s fed cattle trade was highlighted by sales late Friday that featured substantially higher prices as packer demand for spot market cattle pressed prices higher in all regions.
Total beef cattle harvest last week was up 12,000 head from the prior week at 578,000 head, 6,000 head fewer than the same week last year.
Total beef cattle harvest last week was slightly larger than the prior week at 563,000 head, an increase of 2,000 head.