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Northern feds softer; southern trade slow

Jan 31, 2005
— Calves, yearlings both slide downward. Widening negative packer margins associated with significant declines in boxed beef prices resulted in northern fed cattle trade being $2-5 softer and southern cattle feeders still holding out for at least steady money through last Thursday. In addition, fed cattle supplies were starting to build up, particularly in Kansas and Texas, giving packers the idea they may be able to wait a week more and buy fed cattle cheaper....

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