Feedlots hold out for more money
Fed cattle trade continued its recent trend of slow development last
week as packers once again worked hard to convince feedlots they
intended to stick to offering prices. As of Thursday last week, bids
were still as much as $5-6 below asking prices. Very little trade had
taken place and analysts were calling the market steady to perhaps $1
higher at $91 live and $140-142 dressed basis when buyers and sellers
finally came together.
At those prices, packers ...
You must Sign In or Register to access this content
Not a subscriber yet? Try WLJ free for 30 days!
Register to read WLJ's digital edition and enjoy unlimited access to the news source more livestock producers depend on.
Click here to begin your free 30 day trial subscription.
Current WLJ subscribers: Log in using your six-digit customer number, which you will find printed above your name on the mailing label of your weekly journal. Use the password wlj123, then go to the profile page to customize your password and log in as you wish.