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Sale barn price question.
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<blockquote data-quote="Ojp6" data-source="post: 1294287" data-attributes="member: 23608"><p>No the contract is for 50,000 lbs of 7-800 lb steers if I remember right. The price on there affects all weights though. The futures prices have been dropping almost every week for months so many buyers have been out of the market on light weight calves until they see some stability in the futures market. </p><p></p><p>The live cattle contract is for fat steers or heifers. I think it is for 40,000 lbs have to be 55% choice and the rest select and they have to weigh between 1050 and 1500.</p></blockquote><p></p>
[QUOTE="Ojp6, post: 1294287, member: 23608"] No the contract is for 50,000 lbs of 7-800 lb steers if I remember right. The price on there affects all weights though. The futures prices have been dropping almost every week for months so many buyers have been out of the market on light weight calves until they see some stability in the futures market. The live cattle contract is for fat steers or heifers. I think it is for 40,000 lbs have to be 55% choice and the rest select and they have to weigh between 1050 and 1500. [/QUOTE]
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