Market highlights: Fed cattle demand continues

Fed cattle prices held their ground this week as strong demand remains evident throughout the industry. The strong cash values since the first of the year have allowed cattle feeders to recoup some of the losses experienced throughout 2016. The ability of cattle feeders to market animals at an elevated level has allowed them to pay a little more for feeder cattle in the near term. However, cattle feeders are hesitant to push feeder cattle prices very high due to the heavy discounts in deferred live cattle futures. Cattle feeders will continue to pull cattle through the pens if finished cattle prices remain elevated. The question is if these prices will hold through the seasonally strong months of April and early May. It would be a positive sign for many. Read more at Drovers CattleNetwork…