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feeder cattle and calves slowed during the week ended February 21 under a narrowed demand at markets in the Southeast, and prices worked substantially lower. The revised downward price structure fit the nationwide pattern as price declines were general and considerable on fed steers and heifers and feeder cattle and calves as well.
Prices on beef at the carlot level also declined sharply for the second week in a row, and this, of course, was a strong factor in the downturn on live animals. Apparently, feedlot operators are determined to lower the costs on cattle entering the feedlots as the increasing cost of feed has made the cattle feeding business a precarious venture in many instances.
Compared to one week earlier at southeastern markets, feeder steers markets, feeder steers were $2 to $5 lower and steer calves $2 to $6 lower. Heifers trended $1 to $3 lower, and heifer calves were $1 to $4 lower.
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