Cash and Futures Weaken Again

Cash cattle softer again
Cash cattle softer again

Producers were forced to watch the market fall even lower for another week.  Trade in the South again developed early in the week, and again lost ground, with most cash trades at $106.  As the week wound to a close, a handful of cattle traded less than $106.

The North felt the same pain as the South, with cash prices moving even lower.  The majority of the cash trade was $103-$105 with dressed trade ranging mostly $163-$167.  Packers continue to pressure the northern producers for the moment, knowing that producers in the South are likely more current on marketable cattle, and in a better position to fight the market. 

Though the dollars were small, seeing a few live cattle contracts close in the green on Friday was positive.  Producers could use the optimism and opportunity if the board could get some legs under it.  Expectations are that the market will continue to see continued pressure on all live cattle contracts.

Related stories:

Cash Cattle Lower, COF Inventory Higher


Latest News

When Stress Goes Beyond Normal 

It started with a broken baler. The farmer panicked. He had recently lost his brother to cancer and his father to old age. Not to mention he had 2,500 acres to farm, 250 beef cows to attend to and his crop just froze. 

White House Drought Relief Working Group to Address Western Water Crisis

Interagency effort will coordinate resources across the federal government to bring immediate relief to irrigators, Tribes, and western communities.

Cargill, Sysco Partner On Sustainable Grazing Project

Sysco and Cargill will partner with the National Fish and Wildlife Foundation (NFWF) to help ranchers tackle the impacts of climate change and improve grasslands and wildlife habitat through cattle grazing.

Switzer Ranch Receives Nebraska Leopold Conservation Award

Bruce and Sue Ann Switzer along with their children, Sarah Sortum and Adam Switzer, own and operate Switzer Ranch, recipient of the 2021 Nebraska Leopold Conservation Award®.

Profit Tracker: Spring Rally For Cattle And Hogs

Cattle and hog feeding operations are experiencing the highest market prices since before the pandemic began more than a year ago. Hog margins were positive for the 11th consecutive week.

Tyson Announces Support for U.S. CattleTrace

Beef industry efforts to develop a voluntary animal traceability system gained significant traction today as Tyson Fresh Meats becomes the first beef processor to invest in membership to U.S. CattleTrace.