Feeder prices up compared to last year. Finished steer and cull cow prices continue their trend up.

Livestock Report – May 22, 2020

The beef packing industry is now estimated to be at 70% capacity and slowly inching up. However, given the backlog of cattle, it will be a while before the number of cattle is in line with capacity. Some analysts are wondering if the packing industry will ever be able to get beyond 90% due to the precautionary measures that have been instituted for worker safety.

Full update.