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Fed cattle market backs away from $1
Cash fed cattle trade stalled out early last week as boxed beef cutout
values and choppy trade stalled the market slightly ahead of the cattle
on feed report due out on March 23. Both feeders and packers were
holding firm on their positions last week, neither willing to give
ground to move cattle.
As of press time last Thursday, asking prices were firm at $100-102 in
the south and $162 plus in the north, while packers were holding steady
with offers in...
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