Pre-holiday fed market is higher

Dec 20, 2007
November 26, 2007 The rally in the boxed beef market last week of more than $4 was expected to help cattle feeders move prices higher. Analysts were calling for trade in the range of $147-$148 dressed basis in the north and $94 and higher in the south. The cutout values, which reached $148.06 on the Choice and $135.07 for Select last Wednesday, have helped boost packer margins closer to breakeven and a holiday-shortened harvest last week, along with a surge in ...

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