Positive Start To New Year For Cattle Feeders

Jan 07, 2020 at 08:52 AM CST
The north kept pace by moving live cattle up to $124.50 and dressed cattle at $200. National Beef continued to be absent from the live trade with other big three willing to participate in the market. Potentially slowing demand and lower packer margins will determine how the market will progress over the next few months. By the close of the CME on Friday, the board was only $.70 cents from an even basis. If the basis continues to narrow, the trading behavior of the hedgers will change. Feeders could see a rise in the cash market until cattle availability, harvest reductions, or negative basis cause the a break in the current cash surge. ADVERTISEMENT SCROLL TO CONTINUE WITH CONTENT Related stories:

Jan 07, 2020 at 08:52 AM CST

The north kept pace by moving live cattle up to $124.50 and dressed cattle at $200. National Beef continued to be absent from the live trade with other big three willing to participate in the market. Potentially slowing demand and lower packer margins will determine how the market will progress over the next few months. By the close of the CME on Friday, the board was only $.70 cents from an even basis. If the basis continues to narrow, the trading behavior of the hedgers will change. Feeders could see a rise in the cash market until cattle availability, harvest reductions, or negative basis cause the a break in the current cash surge. ADVERTISEMENT SCROLL TO CONTINUE WITH CONTENT Related stories: