Hulett: Cash Turns Slightly Higher

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(CBP)

Cattle feeders in the South saw a small turn higher in the cash market last week.  Cattle traded mostly a dollar higher at $139, with a few cattle bringing something back of the market.

Feeders in the North saw a much more active market.  Cash trade in the North ranged from $142 to $145 with dressed cattle trading in the mid $220’s. The North is seeing the smallest market-ready numbers of the season.

All indications show that cattle feeders should expect higher money again this week.  As the gap begins to widen between the North and the South, we should expect to see feeders in the South have more resolve in their asking prices.

Brad Hulett is Director, Customer Development & Regional Manager, Kansas, at Consolidated Beef Producers, Inc. 

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