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Fed cattle trade stalls ahead of report
After the packer buying spree of the previous week, fed cattle trade was all quiet in advance of last week’s much-anticipated cattle on feed report. Packers had a large supply of cattle procured and show lists at feedlots were generally smaller so both sides appeared content to wait until Friday to trade cattle.
As of Thursday afternoon last week, cattle were offered at $88-89 live basis and $140-141 dressed. Packer bids were very light and several dollars below asking pric...
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