Direct cash cattle markets are quiet. Business should remain at a standstill, with non-existent packer inquiry and poorly defined asking prices. What asking prices are being reported are around $122+ on the live basis in the South and $192+ on the dressed basis in the North. Widespread trade will likely wait until at least after Wednesday’s Fed Cattle Exchange activity. Monthly USDA livestock slaughter numbers are out Thursday, with cattle on feed and inventory numbers out Friday.
Continue reading Midday cash livestock markets at Brownfield Ag News.
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