Fed Cattle Prices Reach New Highs

Volatility in the fed cattle market continues this spring as last week’s prices charged to new cash highs. Volumes were called moderate to active in the North, trading at $168 to $172 per cwt live and $172 for bulk, $4 to $6 higher. Dressed prices were $268 to $276 per cwt, $2 to $6 higher.

Cattle in the South sold from $166 to $168.50 per cwt, $2 to $4 higher. With the growing seasonal shortage of prime- and select-grade cattle in feed yards, analysts expect cash prices to rise again next week. Wholesale beef prices also posted gains last week, as did select boxed beef.

Read more on cash cattle prices and predictions here.