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Cattle markets lower on surging corn futures

Jun 27, 2008
Cattle markets lower on surging corn futures Skyrocketing grain futures put a damper on fed cattle futures last week, which through Wednesday had traded mostly steady for near-term contracts. The futures are still well ahead of the current cash trade, which has been enough to encourage yards to keep their pens full. All near-term fed cattle futures were down late in Thursday’s trade, with June contracts dropping 5 cents lower to $98, August losing 55 cents to $103.85, and October cont...

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