Trade expected steady to slightly higher
— On feed report does little to move market despite jump
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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