Holiday beef outlook spurs fed rally
— Rally of $3-5 live, $5-7 dressed.
— Calves follow suit.
Cattle feeders were still reporting major losses on cattle being
marketed last week, however, the extent of those losses narrowed
significantly as live cattle brought $3-5 more than two weeks ago, and
dressed cattle were $5-7 stronger. Most market sources cited a forecast
for stronger beef demand leading up to Labor Day as the primary reason
for the fed market turn around.
Trade was said to be mo...
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