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Fed cattle trend lower on oversupply of beef

Dec 20, 2007
October 15, 2007 Cash fed cattle trade last week was underway by Wednesday as packers managed to pressure feedlot asking prices lower in the north. Although volume was light in the north and not yet established in the south, prices last week were $2-3 lower in Nebraska at $139-141 dressed, with a few reported live sales at $89.50. In Iowa and Minnesota, prices were reportedly $1-4 lower at $138-141 dressed basis, with the few reported live sales $2 lower at $89. An...

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