The cash cattle market slowed to steady last week at $124 in most trading areas with limited numbers moving.
Record cattle prices set the stage for expansion.
Cash cattle traded higher again and all four major packers participated in last week’s trade, including Tyson for the Finney County, Kan., plant.
Cash cattle prices traded $2 higher, yet cattle feeders anticipated an even higher market.
Light cash trade continued with a wide price range. Two of the major packers were active in the market, with one actively making an effort to support prices.
The fed cattle and boxed beef market slowed down this past week.
The best opportunity feeders have to keep the cash market from slipping away is limit their offerings over the next couple of weeks.
Holding their position allowed producers to increase cash trade $1 higher over the previous week’s market.