Midday cash livestock market

Midday cash livestock market

Direct cash cattle trade is quiet with just a few starter bids noted in Kansas at $110 live.  Asking prices are around $115 to $116 live and $180 to $185 dressed.  Packer inquiry is expected to improve as the day and week progress.  But if business reflects recent weeks – the majority of deals won’t be completed until last minute on Friday.  Today’s Fed Cattle Exchange had a meager offering of 464 head.  None actually sold, but 344 head were listed as Passed Offer of $112.

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