Market Activity

Trading was very quiet today with no changes reported. Much of the ag belt is getting ready for extremely cold temps midweek. Cold weather feed usage is expected to increase, but logistics and plant operations are going to prove to be difficult for many.

Cattle slaughter is forecast to continue to ease lower through February before picking back up in March. Slaughter for the next three weeks is forecast out at an average of 605,000 head, down from the prior…