The bad news-good news story of cattle markets
Derrell S. Peel
Progressive Cattleman
Current cattle markets can be thought of as a series of bad news-good news stories. The bad news is that cash fed cattle prices pulled back last week from the highs at the end of the week before. The good news is that the jump up to $124 per hundredweight (cwt) live fed cattle prices was not expected and the current level in the $120-121 per cwt range is at or above most expectations for fed prices at this point.
The Beef Blog 