September 2015 -- Livestock Market Update
Author
Published
9/28/2015
What’s Behind the Cattle Market Meltdown?
Over the past couple of weeks, action in the cattle market has started to feel like a full-blown wreck. Last week, the 5-area weighted average fed steer price (live basis) dropped by over $4 per hundredweight (cwt) from the prior week – working out to just under $135/cwt. These are the lowest fed cattle prices we’ve seen since the end of 2013. Figure 1 plots the 5-Area fed steer price, illustrating just how ugly the year-over-year comparisons have gotten in the last few weeks.
To see the complete report, please click here.
Want more news on this topic? Farm Bureau members may subscribe for a free email news service, featuring the farm and rural topics that interest them most!