Packer Inventory and Margins Stall Cash Rise.

 

Brad Hulett, Drovers 

January 13, 2020

 

The board’s $.70 gain at close supported the cash and higher money cattle feeders thought close at hand on Friday.  However, lack of packer support in the market quickly eroded the market for a negative outcome in cash trade.

 

In the south, one packer participated in competitive trade, while others cherry-picked the showlists, or failed to show at all.   Lack of players forced feeders to take the $124 that was offered or carry cattle into the next week.

 

The north traded mostly at $124 with some cattle in the east bringing $125 and dressed cattle at $200.

 

Surplus packer inventory, and halted Saturday kill due to dwindling margins has stalled out the cash market.  With the reduced trade numbers....

 

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