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Test auction volume rose to 31,700 head from 23,000 the prior week, and feeder yearlings gained $1-4 while calves and thin yearlings gained $6-9. Recent rain and snow improved wheat pastures and the outlook for the native grass grazing season.
Slaughter cow prices also rebounded.
Improved grazing prospects support demand for feeder calves and yearlings ahead of the Flint Hills season, lifting feeder prices. Better pasture conditions can also ease pressure on feed demand later in the spring.
beefmagazine.comEd CzerwienFeb 21, 2020After 79 past bullish weather events, Feeder Cattle moved a median +0.1% over 5 sessions (53% higher; middle half -1.4% to +1.7%), and +1.4% over 20.
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.
