Midday Cash Livestock Markets: Updates and Analysis
Direct Cash Cattle Trade Remains Quiet
Direct cash cattle trade activity has been relatively quiet through midday, with a handful of deals reported in Kansas at live prices ranging from $190 to $192. Asking prices in the South are around $190 to $192 live, while bids remain lower at $188 to $189 live.
Slaughter Sow Prices Steady
At Illinois slaughter sow prices were steady with moderate demand for light offerings, ranging from $43 to $55. Barrows and gilts were also steady with moderate demand, with prices ranging from $43 to $55 dressed. The market is expected to remain steady in the coming week.
Analysis and Outlook
The cash cattle market is currently quiet with both buyers and sellers preparing for the upcoming week. The market is expected to remain steady in the short term as both sides await further developments in the beef market.
In the long term, the market is expected to be supported by strong consumer demand for beef, but concerns about the economy and the potential impact of the COVID-19 pandemic could weigh on prices.
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