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Dressed trade holding steady at $155
A moderate to fairly active trade developed in the northern Plains last
Thursday with dressed trade in a range of $154 to $155.50, steady to
$1.50 higher than the prior week. The southern feedlot asking prices of
$99 and higher remained well above packer bids of mostly $94-94.50.
Market analysts last week said they expected much of the week’s trade
could hold off until USDA’s cattle on feed report was issued on May 18.
With pre-report estimates spread all ...
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