Hulett: Market Trend Continues

The fed cattle trade continues down the same path that we have seen for several weeks.  The South again traded fed cattle last week at $119-$120 with limited needs from packers.

Northern feeders found themselves in the same rut, too.  $120 seemed to capture most of the live trade with $191 being the dominate number with the dressed trade.

Norther feeders still seem to be working in somewhat of a gap between their yearling and calves, keeping them from getting too backed up on their show list.  Feeders in the South still have plenty of cattle piled up on the show list.  The upcoming weather forecast of hot weather will not be helpful for the backed-up cattle supply.  The next few weeks will show if animal welfare or profits are more important to our industry. 

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