Feeder Cattle Review: Markets hold steady before holiday break
Compared to last week, feeder calves under 550 lbs sold mostly steady to 5.00 higher early week, with trends from mid-week on turning mostly 5.00 to instances 10.00 lower. Bigger calves and yearlings traded weak to 5.00 lower, with spots 10.00 lower after mid-week. Lightweight calf buyers were aggressive to fill orders as receipts were fairly heavy, with only one more full-week of marketing activity left before buyers and sellers start winding down for the holiday break.
Farmer feeders and backgrounders were especially active in their last opportunities to invest money in feeders before the end of the year. Bigger calves mostly over 550 lbs and yearlings felt pressure this week as cattle markets got off to a rocky start on Monday as the majority of Live and Feeder cattle contracts closed down the limit with limit down losses on Feeder contracts on Thursday and sharp losses again on Friday.
Declines in cattle futures and fat cattle markets are looking to find their footing through the end of the year. Last Friday’s disappointing lower moves in cash fed cattle trade is keeping markets under pressure. With cattle bulls wanting to head to the exits and bears coming out of the woods has packers not wanting to pay more and feedlots not wanting to take less than they have to.
- Feedlot facility workshops coming in February and March
- Cargill enters agreement with Kennedy and Coe
- Actogain 45: A new beta agonist option
- Cattle Outlook: Fed cattle prices drop again
- 'End of Year Tax Strategies for Cattlemen' webinar
Monday Market Sentiment: $161.68
Last Week’s Trade: $162.67
This Week’s Winner:
Joe Morgan, Poky Feeders
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