Packer losses slow fed trade

Jan 3, 2005
Fed beef trade was slow and cautious last week. Cattle feeders appeared to think they were in the driver’s seat and were wanting to make packers pay more for their slaughter needs than the week previous. However, as of Thursday at noon, packers were not coming to the table with more than $90 per cwt. In fact, most bids were $88-89 across the country. For the week, as of press time Thursday, 10-12,000 head of cattle traded in northern feeding areas at mostly $139 dr...

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