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Futures oppose cutout, confuse the marketplace

Jun 1, 2012
Light and sporadic trading occurred in the cash fed cattle markets by midday Thursday, none of it sufficient to establish a trend. Asking prices of $122-123 live and $195-196 dressed were unmet by bids at the beginning of the short week. When bids did develop, they trailed asking prices by roughly $5 in both areas.

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