Feeders Resolve Keeps Market Higher

Feeders delayed trade until late Friday holding their position to continue pushing the upward momentum in the market. ( Consolidated Beef Producers )

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.   

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