Markets

US Plains fed cattle trade higher at $123-$124 per cwt

Published May 19, 2012 Updated May 19, 2012 12:00am

CHICAGO: Fed cattle in Texas and Kansas traded late on Friday $3 to $4 higher at $123 to $124 per cwt, according to feedlot sources.

The prices compared with trades at mostly $120 last week, sources said.

In Nebraska, live-basis cattle moved at mostly $124 per cwt versus mainly $122 a week ago. Dressed cattle there sold at $195 compared with mainly $192 a week ago, a feedlot manager there said.

Copyright Reuters, 2012