Cash Cattle Market Trends Higher

Fed cattle traded higher
Fed cattle traded higher
(CBP)

Cattle feeders saw continued higher prices in the cash market last week.  Cattle in the South traded at $99 to $100 with the majority of the cattle going at the higher end.  Regional packers from Nebraska have made their presence felt in Kansas as they look for high quality cattle due to the lack of numbers in the North region.  The majority of the cash traded cattle in Kansas will be hauled to Nebraska for harvest. 

The North also received the benefits of this higher market.  The North dressed cattle traded up to $165 and cash cattle mostly at $103.  Northern cattle continue to hold their premium over the South with low availability of market ready cattle.

At the end of the week many producers were passing $100 to $101 bids with time.  The anticipation is that the market has a good chance to be higher as we continue into August.  Demand has been slower than optimal, but choice continues to rise. Packers will participate in the market as their margins hold which could continue the rising cash market.

Related stories:

Fed Cattle Rally Reaches Fifth Week

 

Latest News

Feeder Cattle Receipts Higher, Prices Lower

For the second consecutive week, feeder cattle auction receipts increased substantially following February’s storms. Prices, however, declined again for the second week as demand was called moderate to good.

Drovers Weekly Cattle Markets Update

Here's this week's update on cattle prices.

Hulett: Steady Once Again

There appeared to be more cattle trade than what we have seen for several weeks, but with only one or two packers needing cattle it was difficult for feeders to push the market higher.

NAHMS To Conduct Feedlot Study

USDA's Animal Health Monitoring System (NAHMS) is conducting a national study focusing on cattle health and management in U.S. feedlots with at least 50 head.

NCBA Opposes Cattle Markets Transparency Act In Current Form

The Cattle Transparency Act of 2021 was introduced in the Senate to mandate weekly minimum cash cattle trades. NCBA policy supports a voluntary approach to increase negotiated trades to regionally sufficient levels.

Peel: Volatile Feeder Auction Volumes in Oklahoma

Feeder cattle markets have bounced back from the brutal February storm just in time for the termination of winter grazing of dual-purpose wheat.