Cattle feeders were able to stick together, using their leverage to gain traction and increase the market.  Cattle in the South brought up to $115 per cwt., with cattle in the North $115 live and up to $184 dressed. Over the past weeks, show lists were not overly long, yet, packers had the upper hand with their forward bought inventory, driving the market down to $110. With inventory less available, the feeder was able to use that as leverage and take advantage by gaining $5 back in the cash trade. Currently in the yards, it feels that packers are still playing the need for inventory, week to week. –Drovers CattleNetwork Read more…