LIVE CATTLE
Trade volume was light to moderate Monday and Tuesday. Since Friday’s close April Live Cattle are up $2.45 as it nears closer to cash. Last week, cash cattle in the Southwest traded $184.00 and cash cattle in the Midwest $187.00 with steers averaging in the U.S. at $185.89. So far no cash cattle have been sold as of Tuesday. Packers are going to try to buy cattle cheaper and feedlots are asking for prices back to a week ago with asking prices 189.00 to $190.00 in the Midwest claiming packers are short bought.
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