Direct cash cattle markets are quiet and will probably stay that way today. Asking prices are not well defined and bids are non-existent at this point. Widespread business is not expected to develop until Thursday or Friday, unless tomorrow’s Fed Cattle Exchange trade is able to spark some interest. Cash prices have rallied a lot lately, but margins are tight, which may limit any further upside.
Boxed beef at midday was sharply higher.
Continue reading Midday cash livestock markets at Brownfield Ag News.
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