National Ag News

Direct cash cattle markets are at a standstill. Asking prices have been renewed around $122+ on the live basis and $195+ dressed. Outside of a few bids at $118 live and $189 to $190 dressed, packer inquiry remains light, but should continue to increase over the next few hours. Buyers and sellers will be watching futures and wholesale trade, along with the weather in the major U.S. feeding areas. The weekly offering for the Fed Cattle Exchange was 304 head, 108 of which sold, all in Texas for 1 to 9 day delivery at $119.75, up $.75 from the previous week’s weighted average.

Continue reading Midday cash livestock markets at Brownfield Ag News.