Cash Cattle Lower Than Expected

USDA's summary report for last week's trading noted a $118.90 average price. That was a bit under the $119/$120 we expected to see. It was also a $2 break from the prior week's $121.05 average. Not only was the average price just a little lower than we expected to see but yet again the volume sold was a bit low. 56,433 head were sold on the five area report for free market sales. That was under last year's 79,297 traded in the same week.

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