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Packers’ supplies stall fed trade

Jan 24, 2005
— Feeders gain on spring prospects, corn decline. — Calves stronger on grazing outlook. Optimism that last week’s fed cattle prices would be stronger than the previous week’s level of $92-93 live, $145 dressed still hadn’t come to fruition as of Thursday. Fed trade was almost nonexistent last week with packer bids and cattle feeders asking prices being spread up to $6 apart. Analysts said they were expecting fairly active Friday afternoon ...

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