Firm market as demand outpaces supply

With packers last week offering 8 to 10 cents more to secure finished—or nearly finished—cattle for this week's slaughter, the fat cattle market continues to show strength. “Today there are virtually no top-quality cattle available. It seems there is less supply than the industry currently needs,” a market agent told World Beef Report (WBR). Another operator added that “demand is absorbing everything that appears,” highlighting the shortage of grassfed finished animals.