Calves and yearlings traded near steady in a holiday-shortened week that was also disrupted by winter weather.
Eroding corn prices, pressured by bumper yields and the EPA proposal to reduce the ethanol mandate, continue to support Feeder Cattle.
Week-to-week, Feeder Cattle futures closed an average of $2.11 higher except for $1.40 and 65¢ higher at the back of the board.
Markets this week also received a pre-Thanksgiving boost from wholesale beef prices and the cash fed cattle market.
Week-to-week, Choice wholesale boxed beef cutout value increased 3.96/cwt. Select was up $3.59.
Cash fed cattle sales were $2-$3 higher at $132-$134/cwt. Dressed sales were $2-$3 higher at $209-$210/cwt.
Listen to the Cattle Market Weekly Audio Report every Saturday morning on the BEEF magazine website. This is your report for Saturday, Nov. 30, 2013.
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