Market Activity & Analysis

Reports of last week’s toned down sales volumes were verified with today’s USDA export sales report which shows a sharp drop from the previous several weeks. This week began with a smaller-than-normal amount of offerings followed by a less active round of buying. Prices were mostly stable with top grading steers and cows commanding uppermost prices and the attention of buyers. Big packer BBS sold from $65 to $68, HTS from $55 to $58 and HNS…