Midday cash livestock markets

Direct cash cattle markets are quiet. Aside from some very light dressed business earlier in the week, most of the major feeding areas have been at a standstill. Asking prices are around $114 to $115 on the live basis and $182+ dressed, with bids of $108 live and $170 to $175 dressed. The USDA Thursday increased its 2018 beef production estimate, expecting a higher rate of cow slaughter, but lowered the 2019 outlook, expecting a slower kill rate.

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