Hulett: Northern Feeders Find Extra Money
Cattle feeders in the South found themselves in the continual rut of $138. Packers continue to have healthy supplies around them and made sure not to get in each other’s way during the week’s trade. Feeders in the South continue to have no option but to take what bids are offered and knowing if you pass you may not get a bid the following week.
Feeders on the Western side still found it difficult to find a bid much better than the $138, but over in the East $140 was more widespread. Dressed bids creeped up towards the mid $220’s.
Cattle numbers have remained tight in eastern Nebraska and Iowa. This region has the best chance to push the market higher in the near future. The only thing that might make it harder for this region to push cattle prices higher is harvest reduction by packers in the area.
Brad Hulett is Director, Customer Development & Regional Manager, Kansas, at Consolidated Beef Producers, Inc.
