February 29, 2020

UK feeder cattle prices drop significantly

The volume of feeder cattle in the UK went up, but prices took a digger, dropping US$3-11 week after week.

There was a big run of feeder cattle with 41,400 heads at the test auctions, which was 10,000 heads higher than last week. Prices took a very big drop and were mostly $3-11 lower, losing what they gained last week and even more on some weight groups.

Slaughter cow numbers continue to climb slightly higher with 6,500 heads at the test auctions. The prices were mostly $1-3 lower on the heals of the dropping cow cut-out that was $175.91 on Wednesday, which was over $8 lower than the previous Wednesday.