The fed cattle trade came early again last week as feedlots took early bids from packing plants offering lower money in the northern Plains. Cash trade was $2-3 lower on 30,000 head sold in Nebraska and Iowa at $83-84 live and $131-132 dressed on Wednesday.
Active fed cattle trade started off early last week with live cattle trade in the southern Plains at prices $1-2 higher than the previous week on Wednesday. Texas cattle feeders managed to push live prices up to $88 while feedlots in Kansas sold live cattle at $87 and Nebraska live trade was reported at $86 late in the day.
Fed cattle trade was in progress early last week with northern Plains and Corn Belt feedlots seizing the opportunity to move cattle at prices $1-2 higher than the previous week. Dressed trade was done on Wednesday at $131- 132 while live trade in the north occurred at $84-85.
Fed cattle markets regained a little of the ground lost recently last week with early trade called at least steady to mostly higher in all areas. Early trade came at $82 in the south with dressed trade in the Corn Belt and Nebraska at $124-126.
The fed cattle market softened a little more last week as early trade was hampered by heavy carcass weights, deliveries of heavy cattle against the October live cattle contract, and continued erosion in boxed beef prices.
Northern tier feedlots started moving cattle last Wednesday at prices which were steady to $1 lower than the previous week at $128-130 dressed and at $83-83.50 live. Several reports of heavy cattle being discounted added to the downward trend for feeders in the region.
Fed cattle trade started early last week with feedlots trading cattle Wednesday and Thursday at $129-131 dressed and at $82 live in Nebraska and the Corn Belt, mostly steady with the prior weeks trade. Southern trade came at $84.50 in Texas last Thursday and $84 in Kansas, 50 cents to $1 lower than the previous week.
Fed cattle trade started steady in the Corn Belt last week in a ull range of $129-131 dressed basis. Southern Plains traders were still a few dollars apart at midday last Thursday with trade expected to be no worse than steady with the prior week at $85 live. Packers were believed to be somewhat short
Fed cattle trade started off with light volume last Wednesday at $130-$132 dressed in the Corn Belt along with some $131-132 dressed and $83 live trade in Nebraska. Analysts predicted that last weeks trade would move $1 higher than the prior week in most areas after support firmed in the contract markets and boxed beef showed some resiliency.
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Feedlot trade was slow last week as managers worked on their case for pushing prices higher after boxed beef prices posted light gains and packers ramped up their harvest levels at midweek. Asking prices were at $84 live and $132-134 dressed in most areas last Thursday with only light trade reported in Nebraska at $130 dressed.
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Light fed cattle trade was underway in parts of the Corn Belt where cattle were selling at $128-129 dressed last Thursday on light volume. Feedlots in Nebraska moved cattle at $129-130 while 1,000 head were sold in Kansas and Texas on Wednesday at $81 live.
There was some early light trade in the southern Plains last Thursday down $1 from the previous week at $82, although volume was light and not enough to call a trend. Some light Corn Belt trade was also $1 lower at $131 dressed.
Cattle feeders came to the table early last week and moved light numbers of cattle at prices steady to $1 lower than the previous week at $83-84 live basis last Wednesday in the South and at $130-132 dressed in the northern tier and Corn Belt.
Fed cattle trade was at a standstill last Thursday with feedlots and packers still priced several dollars apart. Feedlots were asking mostly $84-85 for their showlists and holding firm as a result of the improving August live cattle contract which stood at $85.