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Packer profits keep feds steady
prices fall $2-3.
— Seasonal low still possible.
Despite packers reporting double-digit profits most of last week, cattle
sellers weren’t able to reap much of the benefits. Cattle market
analysts said that if it wasn’t for packer profits last week, the fed
market would have seen across-the-board declines.
The spot cash fed cattle market traded at mostly steady with the prior
week on a live basis, and $2-3 softer in the dressed mark...
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