Midday cash livestock markets


Midday cash livestock markets

Packer inquiry has improved through midday and that’s expected to continue throughout the day.  But so far, direct cash cattle trade is fairly quiet.  Bids are reported at $105 live and $165 to $170 dressed.  Asking prices are $110 live with dressed prices not well defined.  The wide spread could delay significant trading volume until the last part of the week.  The Fed Cattle Exchange Auction today had 306 head listed, with 306 head sold for 1 to 9-day delivery for a weighted average of $106.

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