Last week packers purchased 99k fed cattle in the negotiated fed cattle market, paying up $1.45/cwt from the prior week which took prices to their highest since August when the cash high for the year of $146.88 was established. Last week’s $146.23 average purchase saw 73k bought for delivery in the 1-14 day window and 25k head with time.

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The Beef is published by Consolidated Beef Producers