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Direct cash cattle trade was quiet on Aug. 1, with early bids pointing to steers around $120 in the south and $190 in the north.
Feeder cattle auctions were steady to lower, and hog buyers were on the defensive ahead of Labor Day as wholesale pork prices were monitored.
Quiet cash trade and defensive hog buying signal soft near-term demand for livestock, which generally weighs on feed purchasing by feeders and hog producers.
brownfieldagnews.comMeghan GrebnerAug 1, 2017Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
