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Test auctions saw 44,300 feeder cattle head, 11,000 more than last year, with yearlings $2-9 higher and calves $7-13 higher. Slaughter cows totaled 13,200 head and sold $2-5 lower under heavy volume and declining cow meat prices.
Higher feeder prices reflect firm feedlot demand, while lower cow prices reflect weaker cull-cow meat values that are not directly tied to the feeder market.
beefmagazine.comEd CzerwienNov 2, 2017Not 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.
