The negotiated fed cattle trade is underway in Texas and Kansas, cattle trading $2 higher than a week ago at $150, another new high for the year. The north is slower to trade, but talk is western Nebraska feeders are priced at $155. As steer and heifer slaughter stays elevated this October, front-end supplies are tightening noticeable week after week. A trend that will intensify for the remainder of 2022 and all of 2023.

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'The Beef' is published by Consolidated Beef Producers