Cash fed cattle traded from $125 to $127 last week, with the higher prices in Nebraska and Western Iowa. Texas Panhandle cattle sold at $125.50. The live trend was $2 higher, but the dressed cattle sold $5 to $6 higher at $200 to $201 per cwt.
Prices on Wednesday's Fed Cattle Exchange online auction averaged $124.99, up $2.89 from the previous week. Fed Cattle Exchange prices ranged from $123.50 to $125.50.
Steer and heifer calves sold at auction mostly $2 lower to $2 higher, according to Agricultural Marketing Service reporters. Active trading was found across the country with 20,000 more cattle counted at auctions than the previous week. Yearling feeder cattle were also uneven at $2 lower to $2 higher.
The Choice beef cutout value closed Friday at $208.07, up $9.11 per cwt. for the week. Select cutout was $204.05. The Choice/Select spread was $4.02.
USDA’s National Cutter Cow Carcass cutout value on Friday was $165.66, up $0.58 from the previous week.