Fed cattle prices corrected downwards last week

Fed cattle prices corrected downwards by the end of last week, but packers bought a reduced number of animals. As a consequence of reduced buying, “packers are entering this week with extremely short inventories, but “Good Friday” will make the week short for slaughter volumes”, according to The Ag Center. The source added that “the market will likely be higher this week, but the question will be how much. Many cattle in the south are priced at $210”. Last week sales were mostly around $207.