Direct cash cattle markets are quiet. Just a few sales were reported
Wednesday at $105 to $107 live in Kansas and $172 to mostly $175 dressed in
Iowa and Nebraska, not enough to establish a trend. Asking prices are $108 to
$109 live and $178 to $180 dressed, with bids of $105 live and $172 to $175
dressed. The bulk of the week’s business could wait until after Friday’s USDA
Cattle on Feed numbers. On average, the total number of cattle on feed is
expected to be up fractionally on the year, while placements could be just
about unchanged and marketings might be sharply higher.
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