Cash Cattle Trade Starts Early

Cash cattle trade started unusually early with a Nebraska regional planting buying some animals around $138 out of Kansas on Monday. With supplies tighter in the northern market, some plants there are extending down in the Southern Plains, where market-ready numbers are more ample. Most packers in the Southern Plains started bids around $135, suggesting cash prices will soften again this week after the average fell more than $3 over the past two weeks.