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Cutout, trade woes drag market lower
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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