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Cutouts pass resistance, move higher

Oct 19, 2012
The cash trade for fed cattle was basically nonexistent last week by midday Thursday. One load sold Tuesday in Iowa at $192 dressed, but that was insufficient to determine a market trend. For the most part, cattle feeders passed over offers of $122 live and $191-193 dressed, asking $126-127 live and $194-196 dressed.

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