Fed trade stagnant

Jul 10, 2006
Fed cattle trade was at a standstill last Thursday with packers and feeders several dollars between asking and offer prices. Thursday afternoon, $5 split the two. Jim Gill at Texas Cattle Feeders Association said he didn’t expect trade to develop until late Friday. “We haven’t seen a trade one. People are going to be asking $85-86 and packers will be offering $81, is my guess. I think we stand a good chance of getting $85,” said Gil...

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