With the Southern Plains in a historic drought and the Northern Plains still recovering from one, the pace of cull cow slaughter has kept packers busy. Kist Livestock Auction Field Manager Matt Lachenmeier says the cow liquidation has kept a glass ceiling on all cattle. “There was just too many cows moving because of liquidation this year that packers didn’t have to fight too hard for beef. I think in the long-term we’re sitting on a firm market that’s going to add value to feeder calves later on.” Lachenmeier is optimistic that demand for replacement heifers will continue to boost female prices. “I think the bred market has changed probably $350 just in the last two weeks.”
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