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Calf and feeder prices continue decline
2016-09-10 02:23:00| Beef
Feeder steers and heifers traded mostly $2-$6 per cwt lower, according to the Agricultural Marketing Service (AMS) as increased beef production and cattle numbers continue to weigh on prices. Calves sold mostly $6-$15 lower. Cash fed cattle traded sharply lower as wholesale beef prices continued to erode. Live prices were mostly $5 lower at mostly $105 per cwt. If price seasonality is intact, then there is more downside in the market this fall, says Andrew P. Griffith, agricultural economist at the University of Tennessee, in his weekly market comments. However, this fall is not going to be the worst of it. The cyclical nature of beef cattle prices could force the calf and feeder cattle market even lower the next couple of years. read more
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Category:Agriculture and Forestry