Packers Aggressive, Cash Cattle Rally Continues
Cash fed cattle traded $2 higher Wednesday.
Greg Henderson, Drovers
November 28, 2019
Cash fed cattle traded in Texas and Kansas at $118 early Wednesday before climbing to $119 later in the day, which was $2 to $3 higher than last week’s trade. In the north live prices traded at $117 to $119, with dressed prices at $187 to $188 per cwt., $2 to $4 higher.
The winter storm crossing the Midwest disrupted some slaughter facilities. The weather and strong beef demand helped push both cash and futures prices higher.
Choice beef cutout prices rose 40 cents on Wednesday to $232.24, while Select lost $1.65 to $210.64. The Choice/Select spread was $21.60...