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Thursday, March 31,2011

Fed cattle prices jump $7-8

by WLJ
Fed cattle prices skyrocketed last week, gaining $7-8 from prior week levels to trade at $120-122 live basis in the southern Plains while trade in the north came in a range of $121-123 live and at $196-200 dressed. Trade developed last Wednesday with good volume trading hands at those higher levels as futures prices rose

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Friday, March 25,2011

Cattle markets reverse course to trade higher

by WLJ
Fed cattle traded last Wednesday with good volumes reportedly changing hands in most feeding regions. In the Corn Belt, where supplies of market-ready fed cattle are short, prices started mostly steady with the previous week at $184-185 dressed with late trade moving as high as $188-190 before the action was

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Friday, March 18,2011

Outside markets drive fed cattle prices lower

by WLJ
Fed cattle trade sank last week on a widespread weakness which seeped into equity and commodity markets in the wake of the disaster in Japan and concerns about the U.S. economy. Last week’s futures trade was sharply lower, with a lower trend and two limit-lower days of trade shaving more than $6 off of

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Friday, March 11,2011

Fed prices reach record highs at $117-118

by WLJ
Cash fed cattle prices surged higher again late last Wednesday with feedlots selling market-ready cattle at prices $5-6 higher than the prior week at $117-118 and $10-12 higher dressed basis at $188 to $190 with a few sales reported as high as $192 dressed. Sales volume on the midweek trade was good and at 93,000

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Thursday, March 3,2011

Fed cattle reach new record cash prices

by WLJ
Fed cattle prices pushed farther into record territory last week as sales in the southern Plains were reported at $112-113 live basis and at $180-182 dressed in the North and Corn Belt feeding regions. Those prices were $1-2 higher than the previous week’s trade. Trade was mostly complete by

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Friday, February 25,2011

Cattle prices steady despite volatility

by WLJ
Fed cattle trade last Thursday was being reported at the $110 to $111 level in the southern Plains. Meanwhile, light dressed trade in the north and Corn Belt regions came at $174 at midweek although dressed volume was still too light to call a trend at midday last Thursday. Prices were

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Friday, February 18,2011

Fed cattle trade expected to move $1 higher

by WLJ
Most of last week’s cash fed cattle business looked to be delayed until Friday, perhaps until after the release of the USDA Cattle on Feed report. Packers were offering $105 live basis in the south and $168 dressed in the north, but it didn’t appear those levels would be enough to spur any action in the market. Feedlots were

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Friday, February 11,2011

Feeder cattle sales mixed

by WLJ
A second week of winter weather delayed trade until late last week as feedlot operators spent much of the week cleaning up and passing early bids from packers. As of midday last Thursday, only light trade to a regional packer in Nebraska had been reported at $169 dressed. Bids of $104 in the South were being passed and

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Thursday, February 3,2011

Weather cuts demand

Fed cattle prices higher despite disruptions at the retail level.

by WLJ
Winter weather hampered the markets last week and delayed most fed cattle trade into the late-Thursday or Friday period. The cash market was expected to get a small boost from the storm that plagued much of the U.S. last week but it also cut into retail sales, tempering enthusiasm among

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Friday, January 28,2011

Fed Cattle trade softens ahead of inventory report

by WLJ
Fed cattle trade last week wrapped up early with the south trading cattle at $104-105 live basis and in the northern Plains and Corn Belt, live trade came at $103-104 while dressed cattle traded between $166 and $168. There was some softening in the beef markets and futures contracts traded lower for

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