Feeders hold out for fed rally

Jul 11, 2005
Reports of very good Fourth of July beef demand and some early week strength in both the futures and boxed beef markets gave fed cattle producers some optimism for a stronger market last week. However, as of Thursday, market activity was still almost nonexistent as packers were waiting for asking prices to get in line with the previous week’s market. The only trade reported as of press time was 5-8,000 head in Nebraska at $130 dressed, which was $1-2 strong...

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