NATIONAL FEEDER AND STOCKER CATTLE

(Federal-State Market News) St. Joseph, Mo. Oct. 25 RECEIPTS: This Week Last Week 303,677 275,938 Compared to last week steers and heifers early to mid-week sold steady to 10.00 higher, while late-week sales were steady to 10.00 lower. Demand was light to moderate late week; early week moderate to good. Calf market held firm until the week’s close when the market fell off sharply at those auctions. high health risk calves continue to see typical seasonal discounts. The feeder markets were about the only bright spot in what was a very disappointing and unexpected week in the cattle complex. The bullish cattle on feed report last week left high hopes for a rally that just never materialized. Steep losses in the cattle futures at the end of the week put more pressure on the feeder market.

This excerpt comes from the named source. Read the original for the full reporting.