August 23, 2013 USDA National Feeder Cattle Summary | Could Feeder Market Be Running Out Of Gas?


Corbitt Wall, USDA Livestock & Grain Market News in St. Joseph, MO, shares a timely snapshot of the latest feeder cattle summary and cattle price recap. For the week ending Aug. 23, feeder calves and cattle sold steady to $4 higher across the nation as cattle backgrounders and feeder cattle buyers aggressively tried to get their hands on calves.

However, Wall suggests that the yearling feeder trade may be running out of gas, specifically because the market may be getting top heavy as it has been higher for 13 weeks in a row. Plus, the beta-agonist debate continues to kindle across the industry leaving many cattlemen wondering what is in store for the cattle market.

Find more cattle price news here or bookmark our commodity price page for the minute-by-minute updates.

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