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Fed cattle prices rise slightly after early trade
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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