Cattle feeder markets prices fell for the first time in months this week. Demand for beef remained steady however and crowds were reportedly sizeable in the few major cattle auction markets that had a good run this week. Overall, feeder cattle and calves sold unevenly steady, mostly from $3/cwt. lower to $3 higher.
“Perhaps feeder markets have reached the point of topping or even tipping as the word ‘lower’ reared its ugly heady in market reports across the country for the first time in months,” said analysts with the Agricultural Marketing Service (AMS) Friday.
“Most pressure was seen on heavyweight feeders over 800 lbs. and soft new-crop calves that are progressively making up a larger percentage of receipts,” AMS analysts say. “As a whole, offerings are currently less attractive than usual with receipts mostly made up of growing-lot yearlings and fall-born calves, both carrying considerable flesh.”
Listen to the Cattle Market Weekly Audio Report every Saturday morning on the BEEF magazine website. This is your report for Saturday Apr. 12, 2014.
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