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Texas and Southwestern Cattle Raisers Association

Texas and Southwestern Cattle Raisers Association

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Daily Livestock Report For June 3, 2020: Forward contracted and negotiated grid cattle

Packers have significantly reduced the number of cattle that they have contracted for delivery in the next few months.  A number of factors have likely contributed to this: a) demand is highly uncertain and forward beef sales are sharply lower than a year ago; b) front end cattle supplies are heavy; c) slaughter capacity has increased but COVID remains a major wild card that could further disrupt slaughter and especially line speeds. Ultimately, if the packer does not see much supply risk and faces uncertain demand, the result is a decline in forward contracted cattle.

Click here to read the full report or see below.

dlr-06-03-20

Written by:
kristin
Published on:
June 3, 2020

Categories: Market News, The Cattleman Now, The Cattleman Now - App

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