Tight supply sustains market

Dec 20, 2007
The currently tight fed cattle supply continued to be supportive of the market last week with feedlots holding out until late in the week to trade cattle. As of last Thursday, there was some mostly steady light trade reported in Texas and Kansas at $96 live basis and in the Corn Belt at $154 dressed. Volume, however, was reportedly light and no trend was readily apparent. Most market analysts, however, expected trade to remain steady with the prior week when cattle tr...

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