Cash fed cattle prices traded higher in all regions for the third consecutive week, marking a 16% gain since the lows were set in September.
Packer market participation wasn’t as robust as it had been in earlier weeks, and packers have slowly added to their inventory ahead of the holidays.
The long term trend is that beef supplies in 2017 will increase and that more cattle will move through the system.
To date, Eastern Livestock Company owes $130 million to 743 sellers in 30 states.
So much for the winter blues. It’s been so balmy across part of the U.S. that Americans have been firing up their grills at a time that’s usually better suited to sipping hot cocoa.
Will extended spring flooding impact the markets?
Cash prices charged higher in feedyard country this week, leaving CME futures in the dust. Feeder cattle recovered most of the previous week's losses.
Gains for meat demand prompt bullish bets on cattle futures.