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Fed prices reach record highs at $117-118
Cash fed cattle prices surged higher again late last Wednesday with feedlots selling market-ready cattle at prices $5-6 higher than the prior week at $117-118 and $10-12 higher dressed basis at $188 to $190 with a few sales reported as high as $192 dressed. Sales volume on the midweek trade was good and at 93,000
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