The cash cattle market was quiet on Tuesday following the distribution of the new showlists. This week’s offering appears to be generally larger than last week, with only Nebraska showing fewer ready steers and heifers. Asking prices are not defined at this time, but the feeling is feedlot managers will start out pricing cattle $2.00 higher than last week on a live basis.
The Tuesday cattle kill is estimated at 117,000 head, even with last week, but 4,000 more than last year.
Continue reading Cattle futures close higher at Brownfield Ag News.
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