Market Summary

Slaughter cows and bulls $3-5 higher on tight supplies. Feeder cattle $10-20 higher. Futures have recovered nicely off the lows and things are getting bullish.  Why is this happening?  First of all, fundamentals of supply and demand are very positive. Placements are incredibly low and beef demand continues to improve.  Second, New World Screwworm cases continue to pop up near the Mexican border make it less and less likely that the border opens up for feeder cattle anytime soon. And finally, the sell off was seriously overdone and the market is just getting back to where it’s supposed to be.  The producers that kept their calves over will be paid very well for their efforts. Sooner or later we’ll remember that that it’s possible to pay too much for feeder cattle but it might be a while yet. Looks like we might set new feeder records again.  Ian

Market News

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GIVE THE OFFICE A CALL OR EMAIL US WITH THE VACCINATION PROGRAM ON YOUR CALVES.

When bringing in cattle please fill out manifests for Feeder cattle separate from Cows/Bulls.

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