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Fed cattle prices rise slightly after early trade

Dec 20, 2007
After some early week reductions in the number of fed cattle being harvested, the beef cutout value regained traction last week and rose more than $5 in a period of three days. Early in the week, Tyson Foods Inc. confirmed it had closed two plants and reduced the number of hours being worked at others due to packing house loses caused by poor movement of beef at the wholesale and retail levels. The industry’s average margin last Monday was estimated at a neg...

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