Brad Hulett: Cash Backs Up

Cash prices traded lower
Cash prices traded lower
(CBP)

Packers' lack of need to take on additional inventory allowed the cash market to lose another dollar.  Cash trade in the South fell to $121.  The North reported cash trade of $121 to $123  and dressed trade at $193 to $194.

Daily committed numbers continue to come in shorter.  Potentially the lack of trade involvement could be a sign that packers are using up their inventory.  As the market continues to slip we could see packers willing to give up inventory. 

As we move toward months of larger supplies, will the packer need to buy up inventory? Packer margins will determine how hard they are willing to run.

Related stories:

Feeder Cattle Higher, Fed Cattle Lower

Tags

Cattle Feedyard Packer
 

Latest News

Beef Production
Quantifying the Value of Good Management
Quantifying the Value of Good Management

Historically low current US cowherd inventories and limited evidence of heifer retention indicates the robust markets we currently enjoy should be sustained for at least the next couple of years.

Mark Z. Johnson
Industry
Properly Prepared Beef Remains Safe; Meat Institute Calls For Guidance to Protect Workers at Beef Facilities
Properly Prepared Beef Remains Safe; Meat Institute Calls For Guidance to Protect Workers at Beef Facilities

The Meat Institute said properly prepared beef remains safe to eat and called for USDA and the CDC to provide worker safety guidance specific to beef processors to ensure workers are protected from infection.

North American Meat Institute
Industry
A Message to the Ag Industry about H5N1
A Message to the Ag Industry about H5N1

The livestock industry needs a comprehensive, cohesive plan to address the virus. Producers, their employees and veterinarians need clear answers and support from U.S. agricultural leadership, moving forward.

Rhonda Brooks
Industry
USDA Now Requiring Mandatory Testing and Reporting of HPAI in Dairy Cattle as New Data Suggests Virus Outbreak is More Widespread
USDA Now Requiring Mandatory Testing and Reporting of HPAI in Dairy Cattle as New Data Suggests Virus Outbreak is More Widespread

USDA is now ordering all dairy cattle must be tested prior to interstate travel as a way to help stop the spread of HPAI H5N1. This comes a day after FDA confirmed virus genetic material was found in retail milk samples.

Tyne Morgan
Industry
Lessons Learned After Disaster
Lessons Learned After Disaster

Recently we were reminded of the devasting impacts of Mother Nature during the wildfires that destroyed parts of Oklahoma and Texas. There is a lot to learn from such events so we can be better prepared in the future.

Rosslyn Biggs DVM
Industry
Mistrial Declared in Arizona Rancher’s Murder Trial
Mistrial Declared in Arizona Rancher’s Murder Trial

A lone juror stood between rancher George Kelly and innocent. “It is what it is, and it will be what it will be. Let me go home, okay?”

Greg Henderson
View More