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Fed and feeder cattle rally, on good demand

Dec 20, 2007
week. Feeders didn’t have to play the hold out game with packers as they came to the table relatively quick, moving fed prices up $2-3 to $87 live and $136 to $137 dressed. Over 150,000 head traded on Wednesday. All signals were go in the markets—lower cost feed, stronger futures markets, stronger boxed beef markets, strong slaughter—nearly every indicator suggested an improved market. Futures markets were much higher with the October live cattle reachin...

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