Market Activity

Three cars of packer BFT traded steady at $0.3500 Chicago this afternoon for the 30 day market. Tech tallow was reported  in 12 cars at steady Chicago pricing through September. Friday’s cattle on feed report showed a total of 10.8 million head on July 1, up 4% from July 1, 2016. June placements skyrocketed compared to 2016, up 16% and marketings in June were up 4% from last year. The report had a bearish effect on the cattle futures market, but has done little…