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Post holiday lull expected; fed cattle prices impacted

May 23, 2007
2005 Fed cattle markets turned softer last week with northern Plains feeders trading cattle $1-2 lower at $141-143.50 dressed, and limited live trade at $88. Southern plains feeders were playing a tougher game and holding for at least $90 as they watched the boxed beef cutout rise for most of the week. At the end of trade Thursday only 127,000 head traded on a cash basis. Formula trade was at $145.32 on cattle priced Wed...

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