In this file:
∑ Hulett: Cash Finds Momentum
∑ Cash Fed Cattle Rally, Look For More
Hulett: Cash Finds Momentum
By Brad Hulett, Drovers
April 5, 2021
Cattle feeders in the South saw a rise in their cash market for the second consecutive week. The trade was lower than what producers wanted, but most of the live cattle trade was $117-$118.
The feeders in the North were able to push their market higher. With tighter supplies packers had to push the market to higher levels. Cash traded developed at $118 earlier in the week and by Friday most cash cattle were bringing $120-$121. Dressed cattle traded mostly in the lower $190ís.
There had been much talk about...
Cash Fed Cattle Rally, Look For More
By Greg Henderson, Drovers†
April 5, 2021
Feedyards across all regions sold cattle higher last week and are looking to push the market even further this week. Last week sales volumes were called light to moderate with packers chasing a tightening supply.
Cattle in the South traded primarily at $117 with a few up to $118 per cwt., $1 to $2 higher than the previous week. Cattle in the North sold mostly at $118 live with a few up to $119, and $188 to $190 dressed, $2 to $3 higher and up to $5 higher for dressed sales.
Beef demand is called higher this week as more restaurants re-open and consumer traffic exceeds expectations. Feedyards will be asking $120 or better this week.
Estimated weekly slaughter was 609,000 head last week compared to 631,299 last year. The total year-to-date was 8.36 million head, 3.4% below last year.
Boxed beef cutout values were higher...