Storm has little effect on market
Fed cattle trade was very light early last week, with only one reported
purchase in Kansas at $85.50. Analysts were calling for prices to be in
the area of $86, which would be $1-2 lower than the prior week in the
live cattle market and in a range of $135 to $137 in the beef, when
trade finally developed in earnest. The market was called lower last
week despite a widespread snow storm across Colorado southward into the
Texas panhandle, which did little to move...
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