**Please note – Chloe Krimmel will be out of the office until Monday, November 13th. In her absence, please contact Ryan Standard at [email protected].**

Trading was very quiet today with few changes reported. Ruminant MBM did trade as low as $420 into the Eastern market today, but there was action reported on the high side as well. 

August Cattle Margins 

According to the most recent USDA Cattle Feed Simulator, cattle margins have remained in positive territory for the past year and are well above the prior year for August. A gain of $20.48/st for the current year is noted from a negative $11.97/st in August 2022. (Fig. 1). The higher cattle margin values were expected from most market participants due to the current cattle phase, moving cash values upwards of $240-250/st on 750-800 lb cattle for August.

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