Friday’s report is anticipated not only for the information that enables market analysts to estimate slaughter cattle supplies, but also because the January report was unpublished due to the government shutdown.
Glenn Obermann has a winning recipe for quality hay. At the 2018 Missouri State Fair, Obermann took Champion and Reserve Champion awards in alfalfa and grass classes 4-8, and Champion in alfalfa classes 1-3.
Anecdotal evidence and supply observations suggest packers have recently had a negotiating advantage over feedlots. Packer margins continue to be wide and the supply of cattle on feed continues to be high.
Short supply plus strong demand restored prices for Show-Me-Select Replacement Heifers selling Saturday, June 1. The 87 head of bred heifers averaged $1,857 at F&T Livestock Market. High lot sold for $2,100.