Trade awaits cattle on feed report
Despite increasing harvest levels in packing plants, the standoff
between packers and cattle feeders continued into late last week.
Meanwhile, feeders struggled with rising costs of gain and packers
awaited the cattle on feed report due out last Friday. Ask and offer
prices last Thursday remained several dollars apart, with feedlots
looking for $89-90 live and $138-$142 dressed for their cattle.
Most analysts expected trade to develop at levels steady to $1 lower ...
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