Here’s the latest on cattle market prices and margins. Check this page every Monday for the newest analysis.
For the week of May 21:
COF Up 5%, Cash Cattle Steady to Higher
USDA’s Cattle on Feed report was 5% higher than May 2020. Cattle prices were steady to higher and wholesale beef prices continued spiraling upward.
Feeder Cattle Higher On Moderate Demand
Feeder cattle sold high on good to moderate demand last week. CME live cattle traded lower following Friday’s cattle on feed report, while feeder futures were modestly higher.
Packer needs for cattle appeared to be limited last week, yet prices paid in all regions held relatively steady with the previous week.
Peel: Feedlot Situation Improving
The feedlot situation is improving but it will take additional time to process current feedlot supplies and the stress and challenges at the packing level will slow the process for at least several more weeks.
