Cattle market direction is often difficult to determine in January of a new year. Carryover cattle sales for tax purposes may mask the true underlying direction of markets. Additionally, winter weather impacted cattle markets in late 2022 and through January 2023.
For the moment, at least, winter weather impacts are decreasing, allowing feeder and fed cattle flows to normalize somewhat. There is, however, plenty of winter left and opportunities for more market disruptions in the coming weeks.
Oklahoma auction prices for feeder cattle jumped…
