February cattle traded moderately higher on the session into the mid-day led by a more positive tilt to the US and global economies and from concerns for a winter storm into the weekend. Talk of up to 8 inches of snow into parts of the feedlot region was seen as a factor which might stress cattle this early in the season. Cash cattle offers emerged at $125.00-$127.00 this week with bids at $121.00-$123.00. Boxed-beef cut-out values at mid-session came in at $194.96 which was up $.01 from yesterday and down from $196.21 last week at this time.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.