Hulett: Lack of Packer Participation Drives Market Lower

 

By Brad Hulett, Drovers††

April 26, 2021

 

Feeders saw some of what they had gained in the live market slip away last week.† Many feeders never received a bid on cattle, and the ones that did saw a bid one to three dollars lower than the week before. Cattle feeders in the South traded cattle at $119-$120 with a few trading lower than that.

 

The Northern feeder didnít fare much better, but were able to hold onto their premium over the South.† Cash cattle remained around $123 and dressed cattle held in at the mid to upper $190ís.

 

Packers needed very few cattle for last week.† This issue was brought on by down time...

 

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