# Bids and asking prices are far apart - Brownfield Ag News

> Buying interest in feedlot cattle was limited, with a wide gap between bids of $123 live and asking prices around $130. Boxed beef cutout values fell sharply on light demand and heavy offerings. CME live cattle settled lower, and feeder cattle ended mostly lower.

- Date: 2016-04-27 · published 2016-04-27T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/8275-bids-and-asking-prices-are-far-apart-brownfield-ag-news
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

A wide bid-ask spread and weaker boxed beef values signal continued pressure on cash and futures cattle prices. Packers' reluctance to pay asking prices limits near-term price recovery.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/bids-asking-prices-far-apart/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.