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USDA national feeder and stocker cattle summary- week ending 08/02/2002

19/08/2002

Compared to last week, feeder cattle and calves sold steady to $2.00 higher through the mid-section of the United States.  Southeastern markets traded $1.00-$4.00 lower on pressure from sharply heavier receipts. It seems that many producers who were holding cattle back finally accepted the fact that the market is lower and shipped their stock, hoping that improved local pasture conditions would support prices.  The regional demand in this area was not nearly enough to hold the market and without significant orders from further west, prices faltered. 

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