Producers had high hopes the cattle market would post an increase, if only slightly. However, cattle traded steady to last week, which is not a bad option going into a holiday week. Steady money is never a bad. Most packers were active in last week’s market keeping the south at $114 and the north at $114 and $178 dressed. There were a few cattle that brought $114.50 late Friday, and some smaller packers willing to give $115 Saturday for needed fill in business.
All packers were participating on Friday, presumably trying to cut down on the amount of business they will have to get done on this shortened holiday week. Many producers are optimistic that this week should yield a higher market than we have seen in the last couple of weeks.
Weather in the feeding regions during the last 45 days has not been ideal due to the increased moisture, opening the door for greater health issues, and overall reduced average daily gains. The impact has decreased cattle weights, and overall total yield. This decline in total pounds of red meat could drive the market higher during the last push of high beef demand.