Pierre, SD, USA / DRGNews
Dec 29, 2020 9:43 AM
CZ Cattle Market Analytics analyst Ed Czerwien from Amarillo, TX, provides the following fed cattle and boxed beef recaps for the week ending Dec. 26, 2020.
Fed cattle recap:
The feedlot cattle trades for WE Dec 26 were basically 1 to 5 higher and the cash sales volume was much higher than the previous week.
The Five-area formula sales volume totaled 160,506 head compared to about 225,000 the previous week. The Five-area total cash steer and heifer volume was 71,611 head compared to about 52,000 head the previous week.
Nationally reported forward contracted cattle harvested was about 24,000 head this week. The nationally reported 15-30 day delivery purchases this week were 20,539 head along with 19,110 head the previous week.