Packers Forced to Raise Cash Cattle Bids

Pro Farmer’s Julianne Johnston with your cattle market wrapup.

Live cattle futures ended the day mixed, with nearbys firmer on support from news that cash cattle trade had begun in Texas at $132, which is up $1 from last week. Expectations are for cash trade to build at similar levels throughout the Plains. More from Pro Farmer’s Julianne Johnston below:

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The company will end operations at its Joslin, Ill., beef facility and its Eagle Mountain, Utah, case-ready facility plus it is pursuing the sale of its Pasco, Wash., beef facility.
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