Steady/lower cash cattle trade noted. Futures imply stability for two months. August 31, 2023
Lightly better futures were noted today despite reports of steady/lower cash cattle trades.
In Nebraska and Iowa most trades today were noted at $184 live and $290 dressed. This is down from $185/$186 live and $293 last week. The South saw $179 live, unchanged from last week.
Futures, with a normal basis applied, imply Southern cash will remain at $179 through October then $184 by the end of the year.
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