USDA: Cattle Market Topping Out?

April 14, 2014 06:46 AM
 
Keeling Cattle Feeders Angus

Corbitt Wall with USDA Market News gives the Weekly Feeder and Stocker Weekly Summary for the week ending April 11.

Feeder cattle and calves sold unevenly steady this week, mostly in a range from $3 lower to $3 higher. Additionally, the offerings were less attractive this week with the markets seeing more backgrounded yearlings or new crop calves—both caring a lot of flesh. But there is still a lot of demand for true stocker cattle; however, the inventory isn’t really there anymore.

This week shows that feeder markets might be either topping or tipping. Several markets reported lower this week and it was a light receipt week. There were 17% less nationwide auction receipts this week as compared to the same time last year but demand is still good.

See Corbitt Wall’s full report on Beef Today’s Cattle Markets Center.

 

 

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