Fed cattle market backs away from $1

Mar 26, 2007
Cash fed cattle trade stalled out early last week as boxed beef cutout values and choppy trade stalled the market slightly ahead of the cattle on feed report due out on March 23. Both feeders and packers were holding firm on their positions last week, neither willing to give ground to move cattle. As of press time last Thursday, asking prices were firm at $100-102 in the south and $162 plus in the north, while packers were holding steady with offers in...

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