Feeder cattle contract prices set new highs

Dec 20, 2007
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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