Fed cattle up US$/cwt 6-10

Cattle owners will bargain to continue the upward momentum to sales prices for fed cattle. Supplies are short enough to maintain leverage for weekly cash trades, according to The AG Center report. The closure of the Mexican border for cattle contributed to the price rises both for fed and feeder cattle in the cash and in future prices.

Sales occurred in the north at US$/cwt 238-241 live with most at 240. In the south sales were reported from US$/cwt 228-$230 mainly 230. Dressed trade was reported at US$/cwt 380. Prices were US$/cwt 6-10 higher.