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<blockquote data-quote="Stocker Steve" data-source="post: 1799749" data-attributes="member: 1715"><p>True, </p><p></p><p>Packers try to control the cash price by buffering bidding using cattle they already own or have contracted for previously. So cash prices are held down until packers get truly desperate. We saw it here this winter during periods where cattle receipts were very low due to storms, and local cash prices would jump 10 cents during the week to keep the kill plant running.</p><p></p><p>It's not so much supply vs. demand, as previously purchased & contracted cattle vs. demand.</p></blockquote><p></p>
[QUOTE="Stocker Steve, post: 1799749, member: 1715"] True, Packers try to control the cash price by buffering bidding using cattle they already own or have contracted for previously. So cash prices are held down until packers get truly desperate. We saw it here this winter during periods where cattle receipts were very low due to storms, and local cash prices would jump 10 cents during the week to keep the kill plant running. It's not so much supply vs. demand, as previously purchased & contracted cattle vs. demand. [/QUOTE]
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