Cash Survives Sluggish Board

Packer’s had a stronger presence in last week's market, but not enough to make up for the erosion of the futures markets.

Cash fed cattle prices held steady again last week. Cash trades occurred at $125 with dressed cattle bringing $200 per cwt.  Packers had a stronger presence last week, but not enough to help make up for last week’s erosion of futures prices.

Cattle weights continue to average lower than a year ago. Packers have reduced harvest numbers over the past several weeks, and the lack of available pounds helps keep the cash market more steady versus taking a significant drop.  If the equilibrium continues, the cash market could potentially remain steady for several weeks to come.

Related content:

Feeding Margins Trend Higher With Rally

Cash Cattle: Slower Than Expected Movement

 

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