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Thursday, April 28,2011

Feds trade lower

by WLJ
Cattle prices trended lower last week in very early trade, the bulk of which took place on Monday and Tuesday. Prices in the southern Plains were $2 lower than the prior week at mostly $117 live. In the north, light trade took place at $185-187 dressed basis, with a few reported as high as $189 in Nebraska

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Friday, April 22,2011

Fed cattle trade steady, calf prices mostly lower

by WLJ
Early fed cattle trade last week was reported on Wednesday with markets showing mostly steady results. Cattle in the central Plains sold at $119 live in Kansas, even with the prior week’s results, while Corn Belt trade came at $190 dressed basis, also steady with the week prior. Trade had yet to develop in Texas at midday

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Friday, April 15,2011

Fed cattle prices show sign of summer seasonal decline

by WLJ
Cash fed cattle trade was under pressure last week with prices expected to move lower than the prior week by perhaps as much as $3-5 when trade finally developed. At midday last Thursday, there was still little significant activity in the markets with packers bidding $117 for live cattle in the South while feedlots in the region were

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Thursday, April 7,2011

Fed prices continue to set records

by WLJ
Fed cattle continued their win streak last week with additional gains of $2-3 over the prior week’s trade levels in the southern Plains. Cattle in Texas, Oklahoma, Colorado and western Nebraska traded at $123-124 live while Corn Belt trade was slow to develop last week. Analysts predicted that most cattle

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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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