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Five Area weighted average cash steer price for the week ending Feb. 22 was $119.71/cwt, 81 cents above the prior week.
Cash sales volume rose to 74,778 head, while the market watched coronavirus spread and its effect on world markets.
Firmer cash steer prices and rising volume support fed cattle values, though virus-driven uncertainty raises downside risk.
beefmagazine.comEd CzerwienFeb 25, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
