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Fed cattle prices move higher

Aug 15, 2008
Fed cattle sales last week were being called $1-2 higher ahead of any significant trade volume at mid-day Thursday. Strong demand ahead of the Labor Day holiday, strong boxed beef prices, good export sales and tighter supplies ahead were all playing a role in boosting cash expectations among feedlot operators last week. The clearance levels of beef from packers and out of cold storage were good, with retailers taking deliveries of product for holiday sales and also booking advanced purchases of...

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