Steer prices are lower from yesterday’s levels, to close the week. The Chinese Lunar New Year holiday starts February 11^th, but tanneries have already started to shut down. Today, there was a small volume of sales to China and Korea, but most future offers were reportedly at steady, or slightly lower, than current trading levels. 

Week-Ending Slaughter

The week’s estimated cattle slaughter was 653,000. The previous week’s kill was 657,000 and the corresponding week last year it was 638,000. Year-to-date slaughter at 2.682 million is down 7.1% from 2018.

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