Steers and Heifers Lower, Fed Cattle Standoff

Steers and heifers sold lower at auction this week while fed cattle were untested.
Steers and heifers sold lower at auction this week while fed cattle were untested.
(Wyatt Bechtel)

Steers and heifers sold $3 to $8 lower on the week, with instances of $10 lower, according to Agricultural Marketing Service reporters.

Cattle feeders and packers were at a standoff Friday, with asking prices at $120. The last confirmed trades were at $117 to $118. The market was expecting a firmer undertone, and dressed prices in Nebraska at $187 earlier Friday was $2 to $4 higher than last week.

Early winter storms have caused significant setbacks to cattle on feed in northern yards, with southern yards expecting a dose of the same this weekend.

Boxed-beef cut-out values continue to hold firm. For the week, the Choice cutout closed $1.68 higher at $214.29, while Select was $2.09 higher at $200.50. 

 

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