In this week's cattle market report, despite the toppy feel to the market and a high percentage of the current offering being new-crop calves, analysts with the Agricultural Marketing Service (AMS) said Friday that it is hard to call demand any lighter as cattle buyers remain active for all classes of feeders.
Feeder calves traded mostly unevenly steady this week, while yearlings feeder cattle continued to march ahead at steady money to $3/cwt. higher.
Feeder Cattle futures increased an average of $4.26 from last week’s market close on Thursday to Friday’s close this week. The CME Feeder Cattle Index ended the week at $179.10, just about a buck shy of the record established earlier this month.
Listen to the Cattle Market Weekly Audio Report every Saturday morning on the BEEF magazine website. This is your report for Saturday Apr. 26, 2014.
More articles to enjoy: