Monday’s cattle showlist distribution is complete and it looks like the new offering is generally larger than last week, especially in the South. The seasonal trend generally calls for lower prices through midsummer, a function of both larger fed supplies and softening beef demand as the market moves toward the dog days of summer. Both bids and asking prices remain poorly defined and could remain that way until at least Wednesday or Thursday.
The cattle slaughter was estimated at 117,000 head, 1,000 more than last week, and 7,000 greater than last year.
Continue reading Cattle showlists look larger than last week at Brownfield Ag News.
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