The fed cattle market has been stagnant for the last 25 weeks or so.
That according to Brian Perillat, Manager/Senior Analyst with Canfax.
"Usually at year end we see a little bit of a market pop and we've seen slightly higher prices...but still kind of disappointing for late in the year," he said. "We're almost $20 per hundredweight below a year ago. Feedlots still seeing pretty big losses at this point. We've worked through a lot of cattle, processors continue to work through the cattle. We have seen the demand pick up a little bit for fed cattle."
He notes the fall run is wrapping up, adding calf prices have held in despite the struggles at the feedlot level.
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