Cash Trade Quiet as Industry Watches Leverage Battle

Limited cash movement is being seen as the week winds down. On this week’s Cattle Chatter, Brad Kooima with Kooima Kooima Varilek takes a closer look at who may ultimately win the leverage battle between packers and producers. Packer margins have started to improve, even as the market contends with a sluggish feeder cattle trade. Meanwhile, rain moving into the southern Plains should bring some relief to dry pastures, and the industry continues to watch closely as workers at the Greeley, Colorado plant weigh the possibility of going on strike.