Despite cattle prices being lower than year-ago levels, of the major livestock markets beef has weathered the storm better than poultry or pork.
Since the turn of the calendar, feeder cattle futures have been mainly trading sideways except for Thursday when the market moved the limit lower.
The Cattle on Feed report continues to show more calves being placed in feedlots and there are more expected going into fall and winter.
The eastern part of the country is a primary beef eating region and this storm could impact the market for as many as two to three weeks depending on the ability of consumers to get to the grocery store and restaurants.
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Drought brought higher placements, but WASDE expects carcass weights to drop.
The market appeared to be headed for the abyss this fall, but the positive price movements in November have brought a more positive attitude to industry participants.
Fed cattle trade was slow to develop in the southern plains with packer bids falling $2 short of steady. Feeder cattle traded at uneven prices across the nation.