But let’s step back for a minute — if packers didn’t need cattle, why did they offer bids as early as Wednesday? The truth is that, yes, packers have ample supplies of committed cattle already procured, but they still need cash cattle. Last week’s negotiated cash cattle trade totaled 79,593 head, of which 69% (54,894 head) are committed for delivery in the next two weeks, while the remaining 31% (24,699 head) are committed for the following 15 to 30 days.
We can’t be upset about the rhetoric packers use to make deals; however, we, as cattlemen, need to learn from their savviness.
This week’s cash cattle market is going to be up against strong pushback again, but if feedlots can unite and market their showlists as one voice, steady to potentially higher prices could be achieved.
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ShayLe Stewart can be reached at firstname.lastname@example.org
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