NDSU Extension Livestock Marketing Economist Tim Petry says the combination of weather and the holiday season is slowing down packer inquiry into feeder sales. “With the storm, auctions were closed and now with Christmas here there’s just not a lot of auctions going on.” In Petry’s view, the movement of cull cows in the Southern Plains pushed back a rally in the fed cattle market. “One of the things holding us back is the drought that caused a lot of cattle movement. It looks like fed cattle are going to be record high next year, but we can’t compare to 2014 prices because corn was a lot lower.”
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