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Definition of Feeder cattle?

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OSUCowboy

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Mar 16, 2009
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CNBC says "feeder" cattle are trading at 0.94. What does "Feeder" mean? A rancher friend said he could sell me just weined angus calves for $1.10 lb. Are they more expensive because they are angus or because they are calves and not big enough to be feeders yet?

Also what are "Live cattle"
 
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