Monday, April 23, 2012

Boxed beef surges $10 higher last week, but fed rally fizzles

Feedyards couldn’t capitalize on the surging boxed beef market last week as sales in the south struggled to match the previous week’s price. Southern feedyards shipped cattle at $121 to mostly $122 per hundredweight, while northern feeders traded at $123 to $124 live and $198 to $200 per hundredweight dressed.

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