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Softer beef adds pressure to feds

Jun 20, 2005
— Market declines $2-3; feeder cattle follow. Last week’s developments surrounding a possible second case of BSE in the U.S. and the continued softness in the boxed beef market combined to result in a $2-3 softer fed cattle market last week. That decline trickled down to the calf and feeder cattle markets, also to the tune of about $2-3. The only fed cattle trade reported through Thursday was in northern feeding areas...

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