Written by Brad Hulett, Consolidated Beef
The cash trade last week met most cattle feeders’ expectations. Packers had plenty of cattle in their inventory. The result of healthy packer inventory was weak trade in all the market areas.
The market was steady at $128 cash in most trading areas. Dressed cattle ranged from $ 205 to $ 206 in some areas.
The reasonable number of cattle that traded last week should keep the carryover to a minimum in most areas. The volume of good trade will help in the weeks to come as cattle numbers continue to decline.
As we get closer to spring demand the short cattle numbers will be a positive opportunity for the feeder.
The close of the board on Friday was a positive sign that April may still have room to move upward.