Fed Cattle Highest In 16 Months

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Cash fed cattle traded higher in all regions this week, with tops found in Iowa at $125 per cwt. Most sales in the North were at $123 to $124 in what was called light t moderate trade, with most dressed sales at $195 per cwt., and a top of $197 per cwt., $4 higher than last week. Moderate sales in the South at $122 per cwt., $2 higher. The market’s top this week was the highest in 16 months.

August live cattle futures rose 45 cents to settle at $121.55 per hundredweight, up from $120.025 at the end of last week and the second consecutive weekly gain. August feeder cattle fell $2.375 to $155.025, up from $151.575 a week ago.

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