The South continued to trade more cattle than the previous week. Three packers participated in the cash market with most cash trade in the range of $115 to $120. The North’s cash trade continued to have a wider range. The cash market was $111 to $118 live and dressed cattle ranged from $175 to $189. Cargill was the only packer to continue to purchase cattle at $120. National Beef announced that all grid cattle harvested this week would have all discounts applied and would be priced off the average instead of a set price. Tyson is accepting both grid cattle and cash cattle. Tyson turned down some cattle last week that they thought are now too big, which is a huge concern that other feeders may encounter in the near future. Read more at Drovers…
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