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.
The 5-Area Accumulated Average Cattle Price saw a drop from $120.82 on June 21 to $116.64 on June 28.
The panel of cattle industry experts who make up our Monday Market Sentiment predicted $124.68 per hundredweight. Thi