Market Activity & Analysis

The US market continues to be under pressure with several public offerings $1 or $2 below last week’s levels and some direct offers below these levels are also in play. So far, only a few sales are being reported with prices $1 or $2 down from last week. On the demand side, buyer appetites are small and in many cases bids are significantly lower. Early this week, branded cows traded below the $30 mark for the first time since the 2008…