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Labor day meat sales create cautious market

Dec 20, 2007
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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