Beef and cattle prices both went up this past week.
Beef prices have yet to find a price ceiling this year as new records continued to be broken.
Report to show On Feed at 100.3% of year-ago levels.
The cattle markets are starting to tail off from their summer highs as spring calves are being weaned.
Chicago Mercantile Exchange live cattle futures fell for the second straight session on Tuesday, easing on follow-through technical selling in the wake of bearish government supply data released late on Friday, traders
Meaningful change isn’t accomplished overnight. More often, it happens slowly by chipping away piece by piece until something new suddenly takes shape.
Cattle feeding margins improved $43 per head last week as cash prices gained nearly $2 per cwt.