The cash cattle trade was at a standstill on Friday with business essentially done for the week. For the second consecutive week cash prices plunged sharply lower, nearly $20.00 since early June. Positively beef processing margins continue to balloon, theoretically encouraging packers to accelerate chain speed and procure greater cattle numbers. The weekly kill totaled 632,000 head, 4,000 above the previous week, and 24,000 greater than last year.
Boxed beef cutout values were sharply lower on choice, steady on select on light to moderate demand and offerings.
Continue reading Cattle futures were higher and hogs were lower at Brownfield Ag News.
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