Almost everyone in the cattle business knows these two things: (1) the feeder cattle market has demonstrated tremendous strength in reaching and sustaining record price levels during the past year, ...

Live cattle futures are in rally mode, up $3.20 to $3.70 at midday. Cash trade settled in last week at $238-240 live across the country and $375-378 dressed. Feeder cattle futures are up $7 to $8.125 ...