Feedlot country was very slow on Tuesday afternoon with neither buyers nor sellers displaying any interest in doing business. That should begin to change on Wednesday, at least in terms of better defined bids and asking prices. The guess is most producers will start out pricing cattle around 128.00 or better in the South, and 204.00 to 205.00 plus in the North. The cattle kill was estimated at 112,000 head, 3,000 less than last week, and down 1,000 from last year.
Continue reading Hog futures close higher, cattle lower at Brownfield Ag News.
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