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Beef has tough retail competition

Oct 1, 2007
—Packers are losing money with cutout stalled below $148. Fed cattle trade was extremely slow last week. Packers were offering $92 and feeders were looking for $96. Futures markets started the week with a roar after a bullish cattle on feed report, but slowly declined by mid-week with the October contract at $96.95. The general tone of the fed cattle markets was that prices would be higher and it was apparent trade would take place Friday. Th...

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