Fed Cattle Three Weeks Steady, Feeders Higher

 

By Greg Henderson, Drovers††

June 7, 2021

 

Cash fed cattle prices were steady last week for the third consecutive week. Light trade in the North occurred at $120 live, and $190 to $191 dressed. Cattle trade in the south was $119 to $120 in light to moderate volumes.

 

Wholesale beef prices continued their advance, sparked by smaller than expect cattle slaughter early in the week due to the cyberattack at JBS. Choice box beef was quoted Friday at $338.98 per cwt., $8.01 higher. Select was $10.83 per cwt. higher at $311.73

 

Feeder cattle sold at auction steady to $4 higher in a holiday-shortened week. Agricultural Marketing Service reporters called demand good to very good for both calves and yearlings.

 

At the CME, August live cattle fell $0.45 to $118.075 on Friday, near the session low and down from $118.60 at the end of the previous week, but well-off Tuesdayís lows. August feeder cattle fell $3.025 to $149.925 and down from $151.35 at the end of the previous week.

 

5-day outlook:

 

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