Cash trade in the South was robust once again this week, with most cattle bringing $126, and a handful trading early at $125.
The trade in the North was steady to a little weaker, with cash trade $125-$126, and in the beef trade, up to $200.
In the North the slower winter performance could be catching up, therefore, packers might anticipate the arrival of more cattle supplies soon. Packer participation in the North this week should answer this question.
In the South many feeders predict the region is nearing the top of the market, as well. May numbers are likely to increase in the South, which could bring down turn in the market. However, trade in the South could surpass the North depending on the North’s supply of market ready cattle.
The South continues to aggressively market cattle. Good performance in the South and current show lists will help relieve the burden of the additional numbers that are expected in the South.
The question in the North continues to rest on how many and when cattle will arrive to market. Healthy spring and summer beef demand will determine the market, by driving large kills and reducing cattle supply numbers.
Hear Brad Hulett this Friday, May 11, on AgriTalk After the Bell, with host Chip Flory.