Beef, cattle prices bounce back

Prices for boxed beef and fed cattle improve despite increases in beef production.

Beef and cattle prices have bounced back sharply in the past 10 days, according to Derrell Peel, Oklahoma State University Extension livestock marketing specialist.

Choice boxed beef ended last week at $218.56/cwt., up $14.82/cwt. from the recent low on May 6. Wholesale prices were generally higher last week for end meats (round and chuck) as well as middle meats (rib and loin), Peel said. Five-market fed cattle prices ended the week of May 13 at $132.64/cwt., up $14.61/cwt. from t

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