Hulett: Packers All In, Market Stalled
Brad Hulett, Director, Customer Development & Regional Manager, Kansas at Consolidated Beef Producers, Inc.
via Drovers - February 15, 2021
Four packers participated in the South region last week, but cash trade remained steady at $114. Regardless of the number of players, none of the packers needed additional inventory that could have pushed the market higher.
With the market stalling out in the North, many producers chose not to move cattle, in part due to the market, but mostly due to the bitter weather conditions this week. Cash trade was $114, with dressed cattle trade near $182...