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Beef slump strains feds

Jun 20, 2007
6, 2005 Memorial day weekend was a big disappointment from a beef sales perspective, and the fallout pressured fed cattle prices downward $2-4. The boxed beef cutout was under serious pressure on the Friday prior to the popular grilling weekend, being down nearly $5 for that day. Following the anticipated big sales weekend, packers found themselves with large inventories and held a midweek fire sale last week, with the Cho...

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