Markets

Mid-Session Cattle Market Report for 11/23/2010

February cattle traded slightly lower early in the session and bounced to slightly higher on the session into the mid-day. Weakness in outside markets and a sharp sell-off in equity markets overnight was offset by strong beef prices this week which brought about ideas that cash cattle can trade higher. This kept cattle in a choppy range inside of yesterday's range for the first part of the day with the market moving to the highs into the mid-session. Cash cattle bids emerged at $98.00 this week which would be unchanged from last year. Boxed-beef cut-out values at mid-session came in at $160.12, down $.84 from yesterday but up from $158.11 last week at this time.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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