Cattle markets entered November with solid gains across all sectors. Fed cattle rebounded with higher prices in all regions while feeder cattle jumped $2 to $7 per cwt.
Weakness in futures markets this week spilled over into the cash markets, yet traders noted boxed beef prices pushed significantly higher.
All classes of cattle and calves traded lower this week, pulled down by the bear’s strangle hold on the futures markets.
Steers and heifers sold higher at auctions on the Northern Plains, with feeder cattle trading uneven at auctions in the Southeast and South Central regions.
Cash cattle and futures traded lower for cattle most of the week, while grain markets experienced a harvest rally.
Cash fed cattle sold steady to higher in all regions and feeder cattle sold higher. Slaughter numbers improved, but carcass weight data revealed an increase of 43 pounds over the 5-year average.
A CME futures market rally leads cash cattle $14 higher over the past two weeks.
Cow-calf producers have a lot to consider when it comes to marketing their calves this year.