In this file:
· Positive Start To New Year For Cattle Feeders
· Bringing in the New Year Strong
Positive Start To New Year For Cattle Feeders
Brad Hulett, Drovers
January 6, 2020
Packers were aggressive in obtaining inventory to start the new year. As a result of their need for inventory, the cash market in both the north and south benefited by gaining $2+ over the previous week. Cash trade in the south was $124.
The north kept pace by moving live cattle up to $124.50 and dressed cattle at $200. National Beef continued to be absent from the live trade with other big three willing to participate in the market.
Potentially slowing demand and lower packer margins will determine how the market will progress over the next few months. By the close of the CME on Friday, the board was only $.70 cents from an even basis. If the basis continues to narrow...
Sort & Cull
Bringing in the New Year Strong
By ShayLe Stewart, DTN/Progressive Farmer
Strong demand makes a grand entrance into the New Year as cattlemen kiss 2019 goodbye and look to 2020 for direction. Strong beef demand, aggressive packer inquiry and a yearn for more seem to be on the forefront of all producers' minds heading into the first full week of 2020 trade.
Historically, whenever a holiday comes around it seems as though the market tip-toes to the front of the store, turns off the open sign and runs to catch the first flight to warm sandy beaches before anyone can hint at doing business. This past year was no usual holiday complex though. All three weeks (Thanksgiving, Christmas and New Year's) waited sluggishly until late in the week and then trade finally broke loose. During the week of Thanksgiving the market jumped $2 to $4 higher, for the week of Christmas the market gained $2 to $3 and during the New Year's holiday trading week, the market climbed $2 to $4 higher.
This next week is expected...