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September 18, 2006
The contract versus cash basis levels that had
been encouraging feedlots to hold cattle and add weight finally reversed
last week and cash is once again “king.” The live cattle contract trade
slipped below cash prices in a big decline on Wednesday last week and
the move almost immediately spurred sales of live cattle last Thursday
Cash trade in the north developed in a range of
$138-140 live. Bids in the south, as of ...
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