Cattle Market Weekly Audio Report for Saturday, Oct. 12, 2013

Wes Ismael
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Oct 11, 2013

Declining corn prices and tight cattle supplies continued fueling calf and feeder markets this week, in spite of the continued lack of market data spawned by the government shutdown.
 
In fact, Feeder Cattle futures climbed to record highs across the board Thursday and then added more on Friday.
 
Through Thursday, most reports had packers offering bids on par with the previous week at $123/cwt. or so on a live basis and $2-$3 lower than the previous week. Feedlots, though were asking for $128-$129.  Friday afternoon Texas Cattle Feeder Association reported its members’ fed cattle sales at $128/cwt. for steers and heifers, $2 higher than the previous week.

Listen to the Cattle Market Weekly Audio Report every Saturday morning on the BEEF magazine website. This is your report for Saturday, Oct. 12, 2013. 

 

Declining corn prices and tight cattle supplies continued fueling calf and feeder markets this week, in spite of the continued lack of market data spawned by the government shutdown.
 
In fact, Feeder Cattle futures climbed to record highs across the board Thursday and then added more on Friday.
 
Through Thursday, most reports had packers offering bids on par with the previous week at $123/cwt. or so on a live basis and $2-$3 lower than the previous week. Feedlots, though were asking for $128-$129.  Friday afternoon Texas Cattle Feeder Association reported its members’ fed cattle sales at $128/cwt. for steers and heifers, $2 higher than the previous week.

Listen to the Cattle Market Weekly Audio Report every Saturday morning on the BEEF magazine website. This is your report for Saturday, Oct. 12, 2013.

 

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