Grain price weakness following Tuesday's flurry of crop production and supply demand reports may well offer a good pricing opportunity for livestock producers who have done little to protect against a potential run up in livestock feed costs.
Asian and European equities were higher today. However, softness in U.S. stock futures over night suggest Wall Street may start steady today, as investors express caution after pushing the Dow Jones industrial average to a 15-month high.
Cash fed cattle. USDA reported light to moderate trading in Nebraska on moderate demand. Compared to last week, yesterday's early live sales sold mostly steady at $84 to $84.75. Early, dressed sales trended steady to $1 higher from $137 to $138. Majority of producers continued to pass all bids.
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