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Labor day meat sales create cautious market
September 4, 2006
Again, fed cattle markets were slow to develop last week. Packers were
reluctant buyers looking into the Labor Day weekend, the last big
grilling holiday for summer. Labor Day is a pivotal point for market
direction and strong meat sales are often required for the market to
advance into positive territory during the following weeks.
Packers are at break-even levels and will be trying to get some positive
margin back into the picture. Packers w...
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