Fed cattle trade sharply higher
— Fed cattle $5-6 higher live and $6-7 higher dressed.
— Feeder cattle follow feds higher.
Packers stepped up to the plate early last week and paid sharply higher prices for cattle in both the north and south Plains. Trading occurred late Wednesday afternoon at $86 live basis in the south, $5-6 higher than the previous week. In the northern Plains, packers paid $136 live, $6-7 higher than the prior week. Volume was reportedly good with feedlots in Texas, Kansas ...
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