Brad Hulett

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All cattle feeding areas were able to take advantage of the packer’s need for cattle last week and cash prices moved higher.
The $1 threshold seemed to be a sticking point for cattle feeders last week, and many held firm on Friday which could prove to give cash prices a needed boost.
The lack of aggressive trade was noticed mostly in the south where cash trade could not get any higher than $1.00 last week.
If anything good comes from the Tyson fire, maybe it will be that everyone will realize the burden of our over-committed fed cattle supply.
Poor performance from CME futures on Friday limited what cattle feeders could gain back on the cash market from the declines over the last few weeks.
Packers were hesitant to offer a bid on cattle early last week, and after a $5 decline, feeders still have many unanswered questions about the impact of harvest capacity.
Packer participation in the cattle market was an issue even before Friday night’s fire at Tyson’s Holcomb, Kan., beef packing facility.
Packers enjoyed a comfortable inventory last week, and many have stopped Saturday harvests, which helped push cash cattle prices $1 per cwt. lower.
Cattle feeders’ perseverance paid dividends as they held out for steady to higher cash trade in all feeding regions.
Last week’s trade was the greatest disappointment of the last few months of downward trends in the cash cattle market.