Packer profits keep feds steady

Aug 22, 2005
— Dressed prices fall $2-3. — Seasonal low still possible. Despite packers reporting double-digit profits most of last week, cattle sellers weren’t able to reap much of the benefits. Cattle market analysts said that if it wasn’t for packer profits last week, the fed market would have seen across-the-board declines. The spot cash fed cattle market traded at mostly steady with the prior week on a live basis, and $2-3 softer in the dressed mark...

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