Dan’s Cow-Calf Corner Fed Cattle Market Struggling Now with Optimism Ahead

Derrell S. Peel, Oklahoma State University Extension Livestock Marketing Specialist — Fed cattle markets have been unable to put together any sort of spring rally this year with cash markets trading in a narrow range for several weeks. The 5-market fed cattle price has averaged $113.81/cwt. for the past six weeks with weekly averages ranging from $113.62/cwt. to $114.07/cwt. Fed cattle markets have struggled with ample supplies thus far in 2021 aggravated by winter weather disruptions in February. Steer plus heifer slaughter is up 0.8 percent year over year for the first nine weeks of the year with steer and…

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