Feds begin summer slide

Dec 20, 2007
Fed cattle trade was active last Wednesday and Thursday in the northern Plains on moderate demand from packer buyers who were still moving heavy numbers of cattle through plants, despite slipping margins and rumor of cutbacks. Lackluster beef movement has kept beef cutout levels on the defensive for the past several weeks and last Thursday was no exception. During morning trade, Choice boxed beef slipped more than $2, to $150.51, and Select fell nearly $1, to $144.05....

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