Feds stall on packer losses, beef demand

Feb 28, 2005
— Moisture still helping calf market. — Feeder cattle losing ground. A Thursday rally in the live cattle futures market kept last week’s fed cattle trade at a stalemate as prospective sellers had more impetus to hold on for at least steady money, compared to the previous week. However, analysts weren’t sure packers would ante up that much, as processing margins continued to go deeper into the red last week. As of press time last Thursday, the ...

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