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Packer profits rally feds

Jan 14, 2005
— Short supplies, weather tighten sellers’ grip. For the first time in several months, beef packers last week showed positive profit margins and that resulted in them coming to the table and paying more for their immediate slaughter needs. While trade volumes were pretty light, fed cattle sellers were able to capitalize off of tight supplies and winter weather that was threatening several major feeding areas. Last week’s trade happened at mostly $92-...

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