Firm fed cattle prices

The AG Center said that “cattle owners on the US southern plains took it on the chin past week as sales that priced cattle for formula, grid, over the top, and cash were mostly set before futures and cash jumped several dollars. That changed a little Friday when an independent Nebraska packer crossed the state line and purchased a couple thousand cattle in Kansas at US$ 208 “. Northern feeders fully participated in the rally when the bulk of trade occurred on Friday at US$/cwt 210-212 live and US$/cwt 228-238 dressed.