Fed cattle trade expected to rise sharply higher, boxed beef prices jump $14

Dec 20, 2007
Cattle markets found their feet last week and prices started moving higher, strengthened by a $14 rise in the Choice boxed beef cutout in seven days. Although trade was limited in the fed cattle market last week, there was some light trade last Thursday in Nebraska at $147 dressed. Bids in other major feeding areas were still well apart. However, most expected a trading range of $92-$93 live basis and $148-$149 dressed. The last fully established fed cattle tr...

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