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Cutout, trade woes drag market lower

Dec 20, 2007
Good trade volume broke out early last week at mostly lower prices after a sharp sell-off on the futures market early in the week. According to reports, trade as of last Thursday was light to moderate in the southern tier and light in Nebraska, Colorado and Iowa, with light to moderate demand from packer buyers after Texas feedlots came to the table last Tuesday to accept lower money. Prices in Texas were mostly steady to $1 lower from $90-91.50 live basis. Sales in K...

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