Compared to last week, feeder cattle and calf markets were not fully tested due to limited marketing during the Thanksgiving Holiday week. Several major auctions held specials on Monday and Tuesday this week with calves trading mostly steady to 10.00 higher with some instances 15.00 higher on light weight calves under 500 lbs.
The beef pipeline is at a slow trickle with lackluster demand backing up market ready fed deliveries into January. Last week’s market tone was softer with bids and scant trade reported just below annual lows established in early October.
Total beef production under Federal inspection for the week ending Saturday, November 28th, 2015 was estimated at 390.0 million lbs. according to the U.S. Department of Agriculture's Marketing Service.
Beef and veal prices decreased an additional 1 percent from September to October but are still 0.9 percent higher than this time last year. U.S. beef exports have declined, helping place downward pressure on retail beef prices by increasing the supply of beef on the U.S. market.