The cattle market bounced back from the lull it hit the previous week with gains across all regions last week. The south traded a dollar higher at $124, while the north was $123.50-$124 live and $199 dressed. Shorter show lists, and the eagerness of packers to buy cattle helped push the cash market higher.
Packer willingness to add cattle could be an indication that the cash market is on the verge of a run up. The desire to add cattle is often a sign that committed cattle for certain packers is currently in decline. The lack of committed cattle generally runs concurrent with the time that most feeders are getting through their largest supply of grass cattle. Pens and gains are getting back into good shape from the winter weather. Feeders could be in a good place fight the market and help with a much needed run up in the market.