Cash trade was like a roller coaster ride with disappointing downs, and faith restoring gains for the north. Kansas, once again, was the leader to the bottom taking $2 lower in early week trade. Texas unfortunately couldn’t escape the tide drag, and was pulled under at $126, with few options once trade established in Kansas.
The north stood strong, taking advantage of shortages in market ready cattle, and upward movement on the board. Cash trade ranged from $126-$130 helping to push the northern market a little higher.
Many feeders feel that the shortage of supply ready cattle in the north will become more evident in the weeks to come. Can the south take advantage of the packer’s need for cattle up north? Only time will tell, but rumors of increased kills could find feeders in a better position than they have been for some time.