Hulett: Feeder Finally Gains Ground

Cash cattle traded higher
Cash cattle traded higher

Fed cattle trading started early again last week, with packers trying to get business taken care of before the holiday break.  Most of the trade in the South started in Kansas with packers pushing bids to $111 on Wednesday.  There was some resistance by feeders, but most gave in by the end of the day.  Texas feeders mostly held out until Friday, but still had to give in at $111 with a handful bringing a dollar more.

The North stayed strong for most of the week.  Some producers sold before the holiday, but many held until Friday.  The feeders that held out were able to get $111 for their cattle.  Many of the feeders who traded earlier got $110 live and up to $174 dressed.

Packer margins continue to widen each week.  Feeders continue to be in a prime position to take back some of that margin if they want to.    Show lists continue to be manageable, and most feeders are putting cattle on the list that are for sure current. 

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



Latest News

Winter bale grazing
North Dakota To Consider Voluntary Checkoff

A North Dakota state representative has introduced legislation that would make the state's additional $1 beef checkoff voluntary. It would have no impact on the national Beef Checkoff.

12 min ago
Greg Hanes: What Have You Done for Me Lately?

In this commentary Greg Hanes, CEO of the Cattlemen's Beef Board, discusses the ways that Beef Checkoff dollars have been used in the past few months.

56 min ago
Cattle and hog feeding
Profit Tracker: Steady In The Red

Cattle and hog feeding margins were little changed last week, with both recording modest losses. Beef packers saw improved margins on significant gains in wholesale beef prices.

16 min ago
USMEF Audio: Taiwan Expands Market Access for U.S. Red Meat, but with Some Controversy

On Jan. 1, Taiwan implemented market access changes for imports of U.S. beef and pork. For beef, the 30-month cattle age limit was eliminated. For pork, it established maximum residue limits for ractopamine residues.

12 min ago
PepsiCo, Beyond Meat Partner to Develop New Plant-Based Snacks

PepsiCo Inc and Beyond Meat Inc said on Tuesday they would form a joint venture to develop and sell snacks and beverages made from plant-based protein.

2 hours ago
Data shows home cooking brings families together.
The Pandemic Upped My Cooking Game

New research shows I'm not the only one who upped my cooking game last year. A new study provides insight into which cooking and consumption habits are likely to continue into the new year and beyond. 

1 min ago