Fed cattle slip to $108-109

May 20, 2011
Fed cattle traded sharply lower again last week with trade in the southern Plains reported at $108 live and $172 dressed, prices which were down $4 from the prior week’s sales. In the North, live cattle traded at $109 live and $175-176 dressed, which was $8-9 lower than the prior week levels. Continued liquidation of contract positions by hedge

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