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Market holds steady

Dec 20, 2007
News last week that South Korea had shut off beef trade, at least temporarily, presented the market with a potential setback, and perhaps enough reason to stall fed cattle trade. The news of banned materials being found in a shipment from Cargill’s Friona, TX, plant gave traders on the floor at the Chicago Mercantile Exchange (CME) reason to cash in their chips last Wednesday, taking profits from over-bought contracts, sending the market lower. Live catt...

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