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Waning packer demand weighs on fed market
Heavy carryover of slaughter-ready cattle in the
southern Plains over the past two weeks has been weighing on fed market
prospects. Additionally, packer demand for fed cattle was waning as they
try to keep boxed beef prices elevated in an effort to regain profitable
Last week’s market looked like it would end up moving cattle at prices
$1-3 softer, compared to the previous week, which saw cattle gain $3-4
live, $5-7 dressed.
Through last Thursday no...
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