Cash markets tip backward

The cash market reached its tipping point and began backward movement.  Late Thursday trade of $123 in western Nebraska and Colorado started the backslide, with more trade in the north carrying into Friday at $123 and $122.  A planned scheduled down time at one of the packer’s main plants in the west is thought to be one of the catalysts for the backward slide in the market.  The lower cash trade continued to bleed over into the south with trades of $123 in Kansas and a few trades in Texas. –Drovers Read more…