Feeder Cattle Higher, Fed Cattle Lower
Greg Henderson, Drovers
February 8, 2020
The fed cattle traded developed late on Friday at $121 live in the South, $1 lower than the previous week. Cattle sold dressed in the North at $193 per cwt., $2 lower.
While cash fed cattle traded lower the past two weeks, traders anticipate a higher market toward spring as cattle numbers tighten seasonally and beef demand improves.
Cattle Slaughter under federal inspection was estimated at 631,000 for the week, 9,000 less than last week and 6,000 more than a year ago. On the week, Choice cutout closed $2.88 lower at $210.12, while Select was $6.77 lower at $203.89. The Choice-Select spread was $6.23.
Feeder cattle prices rebounded the week ending Feb. 7 after the previous week’s decline. Steers and heifers sold mostly steady to $3 higher, according to AMS reporters. Lighter calves suitable for grazing saw good demand in the Dakotas. Heavier feeders ready to go into feedyards are still in demand, “just not at the handsome prices seen the beginning of January,” AMS said...