Trade expected steady to slightly higher

Aug 28, 2006
— On feed report does little to move market despite jump in placements.   Fed cattle trade last week was at a virtual standstill with offers last Thursday at $88 live basis and $139-$141 on dressed cattle. Packers were still about $5 below live and $5-6 on the dressed asking prices at press time last week. Trade was expected to be at least steady to higher when it did finally occur last week.   “Producers have every reason to hold firm given...

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