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Holiday pushes fed market up

Dec 20, 2007
Fed cattle trade got started mostly $1 higher last Thursday. Trade occurred at $126-127 dressed in the north and a few live sales at $79, steady with the previous week. Packer demand increased as they upped the harvest level and were looking to procure cattle to fulfill the Memorial Day demand. Packers came out early in the week offering $74-75 live and $124-126 dressed. However, projections for packer margins at a positive $60 per head, combined with good boxed b...

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