Direct cash cattle trade is off to a quiet start for the week. Bids and asking prices have yet to be established and it’s likely significant trade volume will be delayed until the latter half of the week. It will be interesting to see where business starts, as packers are likely coming into the week short-bought. Last week’s business was sharply lower with most of the live trade in the South coming on Wednesday at $105, roughly $5 lower than the previous week’s weighted average basis.
Continue reading Midday cash livestock markets at Brownfield Ag News.
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