According to a USDA press release, “approximately $7 million in underwriting capacity is allocated to support LGM for Dairy Cattle for the Nov. 18 sales period. This will bring the total to approximately $13.2 million for fiscal year 2012. Sales will begin no earlier than 4:30p.m. CST. Sales will begin on the half hour if information to determine the Expected Gross Margins is not available by 4:30p.m. For instance, if the expected gross margins have not been released by 4:30p.m., sales will begin at 5:00p.m. and so on.”

For more information, click here.

Posted 11/11/2011