Fed cattle backlog starting to develop, trade steady

Feb 17, 2012
Cattle feeders and packers were in a face-off trying to establish cash fed trade last week. Packers were offering $121-122 live and $196 dressed while feeders were holding out for $127 live and $202 on the dressed trade, with growing show lists. At press time, market analysts were expecting fed trade to be steady to slightly softer for the week.

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