Holiday beef outlook spurs fed rally

Aug 8, 2005
— 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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