The combination of higher board and healthy packer participation helped push the market $2 higher in most regions. Both regions traded cattle mostly for $114 cash and $178 dressed in the North. A few cattle traded lower earlier in the week.
Show list numbers should remain manageable in August. Packers have thus far had a healthy appetite for cattle, driven by a good position supporting the cutout while remaining conservative on kill numbers.
Last week’s larger trade numbers have potential to slow or weaken trade due to packer inventory being in better shape. If the packer is in good position on inventory, we could see a drop in our up and down market that we find ourselves in this summer.