Fed cattle trade $2 higher

Dec 20, 2007
The standoff between packers and feeders ended a little earlier last week than it has in nearly a month. Trade got underway last Thursday $1-2 higher in Nebraska at $128 dressed basis with live bids at $80. In the southern Plains, Texas trade began at $80-80.50 which was fully $2 higher than the prior week. Packers, who, according to HedgersEdge.com, were losing in excess of $10 per head last Thursday, chose to cut kill levels early in the week or close plants rather than continue...

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