Fed cattle trade expected to move higher

Sep 10, 2007
—Feeder cattle sales strong, video yearlings sell as high as $122. Fed cattle trade appeared to be trending back to the late week trade pattern of fall after a couple months of cattle trading early in the week. Trade was stalled last week with no action expected until Friday. Last Thursday afternoon, there was $5 separating packer bids of $92 and feedlot asking prices of $97 live and $154-155 dressed. Ehedger.com analyst Troy Vetterkind said last Thursday...

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