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information that enables market analysts to estimate slaughter cattle supplies, but also because the January report was unpublished due to the government shutdown.
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.
Kansas is currently has 81.77% of land classified as D1 Moderate by the U.S. Drought Monitor. The recent dry-spell has led Governor Jeff Colyer to declare a drought designation to aid farmers and ranchers.