Feeders delayed trade until late Friday holding their position to continue pushing the upward momentum in the market. The South traded at $118, with a few late trades at $118.50. The North traded highest at $118.50 with a range of $116 to $118.50. Dressed cattle brought up to $185.
Higher money seems possible again this week. Feeders moved their chosen cattle, cleaning up last week’s showlist in most areas. Kill reductions in the North due to a winter storm, could make the packer hungry for cattle to make up for lost kills.
Momentum appears to be headed in a positive direction for the cash trade. With this coming week’s trade, the feeder could potentially make this the perfect opportunity to advantage of the momentum in the market.