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Fed cattle trade early and steady
— Feeder cattle remain under pressure.
Fed cattle trade broke out early last week in the northern tier states
of Nebraska and Colorado along with the Corn Belt cattle feeding areas.
Prices were steady to $1 higher than the prior week at $84-85.50 live
and $133-135 dressed basis. In the south, there was some light trade
reported last Wednesday at $85, however, once initial orders were
filled, trade dropped off as the Chicago Mercantile Exchange (CME)
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