A fall rally in cash fed cattle markets has added $5 to $6 per cwt. over the past three weeks. Feeder cattle remain in moderate demand, but drought conditions across much of the Great Plains is affecting cattle markets.
Cattle futures have taken another turn over the past two weeks as prices have drifted lower, correcting the big December 17-24 advance. So far, February futures have corrected 50% of the rally on this week's pullb