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Fed market softens, feeders steady

Dec 20, 2007
Active trade got underway last Thursday in Nebraska at prices of $148-149 following steady packer bids of $147 as feeders held out for prices of $150. When trade finally developed, it was at good volume and prices steady to $2 lower than the previous week. Market analysts and feedlot managers said last week they were already focusing more on the week ahead than the current market week. In the southern tier, significant trade had not yet developed by the time WLJ went ...

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