Cash Cattle Higher, COF Up 1%
By Greg Henderson, Drovers
February 19, 2021
Negotiated cash cattle prices ranged from steady to $2 higher with modest volumes reported. Packers were anticipating larger kills on Saturday in an effort to make up for reduced slaughter early in the week due to power outages that impacted Kansas and Texas from the winter storms.
Cattle in Kansas and Texas traded at mostly $114 to $115, steady to $1 higher. Cattle in the North traded at $114 to $115, and cattle sold on a dressed basis at $180 to $181 per cwt., $1 higher...
... USDA’s monthly Cattle on Feed report issued Friday estimated 12.1 million in feedlots with capacity of 1,000 head or more, up 1% compared to Fed. 1 of last year. This is the second highest February 1 inventory since the series began in 1996.
Placements in feedlots during January totaled 2.02 million head, 3% above 2020. Net placements were 1.96 million head.