The recent storms have taken weight off of fed cattle, which would normally be friendly for the market. NDSU Extension Livestock Economist Tim Petry said logistics at packing plants kept the market in check. “Some packing plants closed so that put kind of a lid on fed cattle prices,” said Petry. The market is waiting for the January 30 USDA Cattle Inventory Report. The beef cattle herd is expected to get smaller for the fifth straight year. “It all really depends on weather and how much herd rebuilding might take place, if at all.”
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