Feedlot country was very slow on Thursday following the active trade on Wednesday. Although cash prices were significantly higher yesterday, it’s probably worth noting many cattle were traded with terms of extended delivery of 15 to 30 days. This fact helps explains why price ranges were relatively wide, especially in parts of the North. High grading cattle for immediate slaughter brought more money than greener cattle scheduled over several weeks. Except for some clean up deals cattle trade may be finished for the week.
Continue reading Some cattle sold for extended delivery at Brownfield Ag News.
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