Market Activity

Ruminant MBM trading was up sharply out of the Mo. River market, $265 – 280 FOB. Trading was reported steady FOB Panhandle, $240 – 265 and trading out of IL was up, $270 – 280 with prognostications of further increases before week’s end.

Figure 1.

Cattle slaughter is shown for 2014 – Feb 2016 against the 2009 – 2013 average.

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