Steer and heifer calves sold mostly steady this week with instances of as much as $5/cwt. higher. The advance was primarily in the Southeast and the Southern Plains winter wheat region, according to the Agricultural Marketing Service (AMS) Friday.
The Dwindling supplies of yearlings sold fully steady.
“These tight supplies should support price levels throughout the fall and winter, along with much cheaper feed costs as corn prices marked a three-year low early this past week,” AMS analysts say. There was only scant negotiated fed cattle trade through
late Friday afternoon with scattered sales reported unevenly steady compared to the prior week. Prices were $132/cwt. on a live basis in the Southern Plains and $132-$134 up North.
Listen to the Cattle Market Weekly Audio Report every Saturday morning on the BEEF magazine website. This is your report for Saturday, Nov.02, 2013.
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