Market Alley: A glimmer of hope for feeders

The slipping of the market continued last week. The south traded at $108-$110, with the north being at $107-$109 live and $172-$173 dressed. There continues to be plenty of committed cattle for the packer. This combined with adequate numbers of live cattle, leaves plenty of cattle each week for packers to pick from.  As long as this continues, it will be hard for the feeder to stop the downhill slide. With the packer buying for a shortened holiday week, it seems likely that this downward trend will continue. Brad Hulett, marketing representative, Consolidated Beef Producers, talks holiday demand and if it offers hope for feeder markets. –Drovers CattleNetwork Read more…