Weight data helps cattle post cash gains. August 4, 2022
Cash cattle will end with the week with a steady/better trade. Texas and Kansas traded $135 last week. This week's action runs from $135 - $136. Nebraska traded $139 live FOB and $225 dressed last week. Current bids are $225-$226. The trade is hoping our recent cash cattle slump in July is now over. Futures think so with the August contract implying $138/$39 trade next month with a normal basis applied.
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