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Storm has little effect on market
Fed cattle trade was very light early last week, with only one reported purchase in Kansas at $85.50. Analysts were calling for prices to be in the area of $86, which would be $1-2 lower than the prior week in the live cattle market and in a range of $135 to $137 in the beef, when trade finally developed in earnest. The market was called lower last week despite a widespread snow storm across Colorado southward into the Texas panhandle, which did little to move...
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