National Ag News

Direct cash cattle trade has been fairly quiet to start the week.  There are a few scattered bids on the table at $110 to $112 live and $185 dressed in Nebraska.  Asking prices are at $115-plus live and $185 to $188 dressed.  We could start to see some activity develop this afternoon following this morning’s business at the Fed Cattle Exchange.  It had an offering of 663 head, with 340 head sold for 1 to 9-day delivery for a weighted average price of $113.  Significant trade volume could also be delayed until the latter half of the week.  Boxed beef is steady to weak at midday on moderate demand for moderate offerings.  Choice is $.01 higher at $222.50 and Select is $.82 lower at $207.43.  The Choice/Select spread is $14.97.

Continue reading Midday cash livestock markets at Brownfield Ag News.