Feeder cattle contract prices set new highs
The fed cattle market last week was slow to
start with many analysts calling for a trend steady to perhaps slightly
lower than the prior week’s trade of $90 live basis in the southern
Plains and $88-89 live and $140 dressed in the north. There was some
light dressed trade last Thursday in Nebraska at $138, but not enough to
call a trend and most feedlots were holding firm at $140, while bids in
the south were in the $87-88 range.
The recently released USDA cattl...
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