Feedlots push fed prices higher

Dec 20, 2007
Cattle feeders last week gained the upper hand in cash trade and were working to move the market higher despite more slippage in the boxed beef market. Last Thursday, although no trade had occurred by mid-day, packers were beginning to increase bids to levels closer to asking prices. In Nebraska, mid-day trade developed last Thursday at $92 live and $145 dressed basis last Thursday, $3 mostly $3 higher than the prior week. However, many feedlot managers were betting t...

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