Markets: Cash Cattle Marching Higher
Negotiated cash cattle moved higher again this week amid ever-tightening market-ready supplies. Packers were forced to up the ante to acquire inventory, and the North saw moderate trade volumes at $184 to $185 live and $292 per cwt. dressed, which is $1 to $2 higher live and $2 higher dressed compared to last week. Trade in the South was called moderate at $185 per cwt., $2 higher than last week.
Feeder cattle sold $1 to $6 per cwt. higher, and calves traded $3 to $10 per cwt. higher. Market cows sold $1 to $7 per cwt. higher.
