Cattle Commentary: Cash cattle last week came in from 126-128 but it should be noted that the volume of sales was horrendously low. Friday’s Cattle on Feed report came in as follows: On Feed 102%, Placements 98%, and Marketings 99%. Keep in mind that this data is a month old, giving it even less significance (if that’s even possible). Cold weather has been a concern for some areas of the Midwest, but we continue to keep expectations tempered. If you’re reading this, you probably know that we are in the camp that believes the markets are as efficient as ever and this data was likely priced into the market.
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