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Cutout rises on harvest dip
Fed cattle trade remained at an impasse last Thursday as cattle feeders
held out for higher money, despite larger showlists. Bid prices last
Thursday were at $89 live and $145 dressed. Most analysts expected that
packers would have to pay at least $90 live and $143 dressed basis to
get cattle purchased.
Last established market was Dec. 29. In Nebraska, live sales traded at
$87-88 and dressed sales at $140; in western Corn Belt, live sales
traded at $87-88 ...
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