Beef packers continued to show signs that they still need cattle to meet the demand. Cash cattle in the south traded from $109 to $111, depending on early-traded cattle and quality of the cattle. The north also remained strong with cash sales up to $112, with dressed cattle bringing $175.
As we progress into the fall and early winter months the Choice/Select spread is staying wide and could potentially increase as we close in on the holiday rib season.
The potential for a wider Choice/Select could easily drive live cattle up to the mid teens, as the packer continues to chase higher grading cattle. Even as of Friday, some packers were still willing to push the market if they could get their hands on front end cattle.
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Cash Cattle Higher, Cattle On Feed Down 1 Percent
Read original article: https://cattlemensharrison.com/beef-packers-remain-hungry/
By: Drovers