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Fed market steady, beef demand strong

Dec 20, 2007
Memorial Day beef sales were good, and the post Memorial Day trade was better than expected. The boxed beef cutout was at $154.66 at mid week with the Select product $23.35 behind at $130.34, a very wide Choice-Select spread which is indicating a good supply of calf fed cattle in feed lots. Boxed beef trade volume was moderate but very steady with 300 loads trading every day last week. Slaughter volume remains very good. The week before Memorial Day, packers proce...

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