It’s a typically quiet start to the week for direct cash cattle trade activity. Buyers and sellers are busy taking inventory and putting together showlists. Trade volumes last week were light and it could get business off to an earlier start, but it could also follow the trend of recent weeks with significant trade volume holding out until sometime Thursday or Friday. There was a light to moderate trade that took place late in the week with dressed business ranging from $257 to $262, mostly $260 to $262, $3 to $5 higher than the prior week’s weighted averages. Live deals in the South were marked at mostly $164, about $2 higher than the previous week’s business.
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It’s a typically quiet start to the week for direct cash cattle trade activity. Buyers and sellers are busy taking inventory and putting together showlists. Trade volumes last week were light and it could get business off to an earlier start, but it could also follow the trend of recent weeks with significant trade volume holding out until sometime Thursday or Friday. There was a light to moderate trade that took place late in the week with dressed business ranging from $257 to $262, mostly $260 to $262, $3 to $5 higher than the prior week’s weighted averages. Live deals in the South were marked at mostly $164, about $2 higher than the previous week’s business. Boxed beef is mixed at midday on light to moderate demand for light offerings. Choice is $.32 lower at $286.96 and Select is $1.97 higher at $279.05. The Choice/Select spread is $7.91. In Missouri, last week feeders were steady to $5 higher. The USDA says lighter-weight grazing-type cattle, generally under 650 ...
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