Hulett: Cash Runs Higher

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(CBP)

The cash market was finally in the favor of the cattle feeder last week.  Feeders in the South all held out util Thursday and were able to get multiple packers to push the market to $140 before they were able to get any cattle bought.  The $140 trade was four dollars higher than week prior.

Feeders in the North started the trade a day earlier and were also able to push their market higher.  Cash cattle ranged $144 to $147 with dressed cattle bringing $227 to $230. 

Going forward producers should look forward to more upward movement.  The movement may not be as fast paced as last week, but steady to higher money seems to be in the cards moving forward.  This upward cash will be important to help cover high feeder cattle costs and continued high feed costs.

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