Weekly fed cattle and boxed beef recaps for week ending May 1
Pierre, SD, USA / DRGNews May 4, 2021 6:30 AM CZ Cattle Market Analytics analyst Ed Czerwien from Amarillo, TX, provides the following fed cattle and boxed beef recaps for the week ending May 1, 2021. Fed cattle recap: The feedlot cattle trades for WE May 01 were 1 to 3 lower, and the cash sales volume was about the same as the previous week but very big numbers of forward contracts and 15-30 day delivery are used now. The Five-area formula sales volume totaled 232,998 head compared to about 240,000 the previous week. The Five-area total cash steer and heifer volume was 58,280 head compar...