Julianne Johnston

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Some feeders holding out for higher prices, which could make feedyard showlists longer next week.
Market reacts to higher cash cattle trade, says Pro Farmer’s Julianne Johnston.
Feedlots struggle to generate higher cash trade, which was a disappointment given tighter show lists.
Traders were caught off guard as cattle marketings were above expectations and placements were below expectations in today’s report.
Packers will have larger show lists next week, which doesn’t bode well for near term cash improvement.
To build on this week’s strength, traders will need to be convinced the cash market is headed higher.
Next week, the cattle and beef markets will be watching the impact Hurricane Irene has on beef demand.
The headliner of this report is beef replacement heifers, which came in 5% under year-ago.
Report expected to show On Feed and Placements below year-ago.
But says profitability from the producer side is rebuilding industry.