Light to moderate pressure is holding through the livestock complex through early electronic trade Wednesday as traders focus on the lack of buyer support and concern that overall volume may continue to erode heading into the Thanksgiving holiday.
So far for Tuesday negotiated cash trading has been inactive on very light demand. Not enough sales for a market trend. The last reported markets were last week with live sales selling from 168.00-170.00 in the Texas Panhandle on a light test.
Thus far for Friday, negotiated cash trade was mostly inactive on light demand in the southern and northern Plains as well as the western Corn Belt. Not enough sales in any major feeding region to establish an adequate market test. The latest available market
Fed cattle trade on Thursday in the southern Plains was light on light demand. Compared to Wednesday live sales traded steady at $91. In Kansas on Tuesday dressed sales traded at $143. In Nebraska trade was limited on light demand.
In Oklahoma City, OK, this week, feeder steers and heifers over 700 lbs. were called steady. Feeder cattle and calves under 700 lbs. were steady to $2 higher. Demand was called moderate for feeder cattle, but improved later in the day.