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Fed cattle trade moves higher

Nov 27, 2006
— Drop in corn boosts feeders. Fed cattle trade continued its trend of early trade last week. Good numbers of cattle were sold in Texas, Kansas and Nebraska last Tuesday at $88 live, up $1 from the prior week, and $138-139 dressed basis, up $3-4 from the prior week. USDA estimated the trade volume on Tuesday at more than 86,500 head. The increase in packer offers was somewhat of a surprise and fueled mostly by an increase in demand from consumers ...

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