Cash Trade Slow But Steady Improvement

 

Brad Hulett, Drovers

July 27, 2020

 

Hulett, Director of Customer Development for Consolidated Beef Producers

 

The cash cattle market is slowly but steadily closer to being on the right track in moving toward a more positive cash price. Producers in need of moving out of the red and into the black would like to see the upward momentum move at a much faster pace.  Cattle in the South traded mostly at $96 with a few up to $96.75 by late last week.

 

The North again continued to keep their premium over the South with cash trades up to $100 and dressed cattle as high as $159.  Feeders in the North anticipate maintaining this advantage for some time, while the South tries to work through larger numbers of backed up cattle.

 

Kansas traded more cattle live last week than they have in a very long time.  If this trend of trading larger numbers of cattle each week can continue, Kansas and Texas could see some breathing room...

 

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