Dec 20, 2007
November 12, 2007 Fed cattle trade stalled last week as packers and feedlots battled back and forth to determine who would end up taking bigger losses on this week’s trade. There was little change in the market picture last week to alleviate the squeeze on either side of the equation despite packers’ cutback in harvest levels, which served only to prevent boxed beef prices from falling farther. As of mid-day last Thursday, packers and feeders were still several dollars apart and market analysts expected the week’s trade at steady money. The previous week’s trade in the southern Plains came at $92-93.50.