NEWS
DTN Closing Livestock Comments
Rick Kment DTN Analyst
Tue Jan 15, 2013 03:48 PM CST

GENERAL COMMENTS:

Cash cattle trade remains in neutral Tuesday following a very slow day. Although a few bids were seen in the South at $123, this is far from an aggressive move by packers and pretty much in the ballpark as to where starting token bids would have been expected. Nothing is seen in the North, although some light bids may be seen through the day Wednesday. Asking prices are holding at $128 in the South and $205-$207 in the North, but it is clear that at least for now, feeders are not willing to back away down. According ...

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