Cattle country is very quiet on Tuesday with bids and asking prices not yet established. The new showlists distributed on Monday were generally larger than last week, especially in the South. Cattle futures bearishly stumbled into the week, collapsing on Monday with triple digit losses. The spot June closed under 130.00 for the first time since June 1. Given the high level of open interest, the momentum of long liquidation could be extended for weeks according to DTN.
Continue reading Midday cash livestock markets at Brownfield Ag News.
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