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Tuesday, November 11, 2008

FED CATTLE

by WLJ
Trading was mostly inactive in all feeding regions. Not enough sales for an adequate market trend. Last week live sales sold from 90.00-94.00 and dressed sales sold from 140.00-147.00 in the Northern Plains and IA/MN. In Kansas dressed sales sold from 148.50-149.00. In the beef complex today, Choice and Select were both higher with Choice adding $1.81 to trade at $152.06 while Select gained $1.06 to $143.56. On the CME live cattle contracts were narrowly mixed with December falling 15 points to close at $92.65 while February added 60 points to close at $94.15.
 
 


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