– Dr. Andrew Griffith, Assistant Professor, Department of Agricultural and Resource Economics, University of Tennessee
FED CATTLE: Fed cattle traded $2 to $3 higher compared to last week on a live basis. Prices on a live basis were primarily $102 to $106 while dressed prices were mainly $162 to $164.
The 5-area weighted average prices thru Thursday were $103.54 live, up $2.68 com-pared to last week and $162.93 dressed, up $2.37 from a week ago. A year ago, prices were $101.28 live and $162.99 dressed.
Cattle feeders were glad to see last week’s decline in finished cattle prices resurface as gains this week. The finished cattle market appeared to come under undue pressure the past couple of weeks, but the hope is that pressure has passed. Cattle feeders will be looking for the finished cattle market to slowly gain some steam heading toward the holiday marketing timeframe, but this will be a slow process as prices are expected to be stagnant the next couple of weeks. The main determinant of how fed cattle prices move will be Continue reading Weekly Livestock Comments for September 18, 2020