National Ag News

The cash cattle market remained untested with bids and asking prices poorly defined. Markets received a shot in the arm today with psychology encouraged by sharply higher cattle futures and significant strength in the box beef trade. Although packers appear to be short bought significant trade volume may not develop until late in the week. The Tuesday slaughter was estimated at 113,000 head, 2,000 below last week, but even with last year.

Chicago Mercantile Exchange live cattle contracts settled 1.10 to 2.15 higher on Tuesday in light to moderate trade as strong buyer support moved into the market.

Continue reading Cattle futures and beef sharply higher at Brownfield Ag News.