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Weekly Farm Price
Outlook
SLAUGHTER CATTLE
Slaughter cattle prices in the next few weeks are expected to show further weakening—mostly a seasonal move. The loss will not be great, however, unless some unforseen factor enters the picture. No noticable recovery is expected next spring and prices will likely ease lower as beef supplies show an increase.
Last week in Virginia, most of the good and choice steers were $24 to $26, standard $21 to $23.25 and utility $19 to $20. Good heifers were $20.50 to $23, and standard $16.75 to $20.50 Chicago choice steers were $26 to $28 and the good grades were bringing $24 to $26. Good to choice heifers in Chicago weye ranging from $24 to $26.50.
Prices for the five feeder calf sales held in Virginia -last week were running about the same as the previous week but a little under last year’s sales.
71.2%