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Fed cattle prices steady to weaker

Sep 12, 2008
A broad-based sell-off in the commodity markets last week and the Goldman Sachs commodity roll limited expectations for improved cash trade last week. At mid-day last Thursday, there was only light trade in Iowa and Minnesota reported at prices between $149 and $153, with most trade in the $151-152 range dressed basis although volume was too light to call the trend. Analysts were calling the week’s trade steady to weaker with live trade in the southern Plains expected in a range of $98-99 ...

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