The 5-Area Accumulated Average Cattle Price dropped yet again this week, moving from $101.12 on October 10 to $97.57 on October 17.
The August slump for cattle markets continued with prices now hovering near breakeven.
Harvest numbers continue to improve as more plants ramp up leading to a steep decline for wholesale beef prices. Feeder cattle saw moderate demand and higher prices.
U.S. live cattle futures fell the most in 1-1/2 weeks on Wednesday in a selloff linked to lackluster demand from meat packers and government data that showed the lowest wholesale beef prices in four years, traders said.
The 135 bred heifers averaged $1,787 with a top of $2,400 at the Show-Me-Select Replacement Heifer sale, Friday, May 4.
Meaningful change isn’t accomplished overnight. More often, it happens slowly by chipping away piece by piece until something new suddenly takes shape.