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Waning packer demand weighs on fed market

Aug 15, 2005
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 margins. 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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