Cattle Market Weekly Audio Report for Saturday, Mar. 29, 2014

Wes Ishmael
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Mar 29, 2014

Despite what some considered to be a bearish Cattle on Feed report the previous Friday, feeder cattle prices and futures charged ahead again this week. The CME Feeder Cattle Index jumped $4.62 higher week-to-week, closing Friday at $178.55. Feeder Cattle futures increased an average of $3.05 across the board week-to-week.

Stocker and feeder cattle sold unevenly steady to $3 higher, according to the Agricultural Marketing Service (AMS).

“The average price for 6-weight steers in the South Central Region and for 5-weight steer calves throughout the Southeast was slightly lower. Softer fall-born new-crop calves are making their way onto the scene and widening the price spread against the rugged old-croppers,” AMS analysts explained Friday.

“Nevertheless, most top-quality 600 lbs. steers with a longtime-weaned and lightly-fleshed condition suitable for grass yielded prices north of $2/lb. near the major grazing regions.”

Listen to the Cattle Market Weekly Audio Report every Saturday morning on the BEEF magazine website. This is your report for Saturday, Mar. 29, 2014.

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