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Fed cattle prices begin long awaited rally

Nov 19, 2007
—Choice boxed beef prices gain $4.28 in first three days of last week. The fed cattle market rally looked like it was getting underway last week with some limited higher cash trade reported early in the week, including some grid trade in Texas at the $150 level. Last Thursday, there were a few reports of live cattle moving in Texas at $92.50 and reports of bids at $145-146 live basis by packers. However, upward surging boxed beef prices early in t...

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