Direct cash cattle markets are mostly at a standstill. Asking prices are $115 on the live basis and $184 to $185 dressed, with bids reported at $110 live and $175 to $177 dressed. DTN says a few hundred head in Iowa have sold at $181 dressed, for delivery early next month. Widespread business this week is expected to wait until at least after the Fed Cattle Exchange activity Wednesday and could even be delayed until after the USDA’s cattle on feed report Friday.
Continue reading Midday cash livestock markets at Brownfield Ag News.
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