Heavyweight cattle coming out of northern feedyards have led to regional discounts in recent weeks, and the trend continues with numbers and weights largest in the north, says North Dakota State University Extension Livestock Economist Tim Petry. He notes that October’s USDA Cattle on Feed report showed the total number of cattle in
Another indication of a plentiful northern fed cattle supply and a weaker basis is the high of October CME deliveries tendered at northern delivery points, Petry says. By the end of last week, a total of 906 contracts had been tendered and all were in
Read more from Petry and the Livestock Marketing Information Center.