Short bought packers last week jumped into the market early and got
trade started at levels lower than the prior week. A combination of
factors, including seasonal softening beef demand at the consumer level
and a sharp decline in the Chicago Mercantile Exchange (CME) live cattle
contracts on Monday worked against cattle feeders who, last Wednesday
and Thursday, sold cattle in a range of $86-$87 live and $135-$138
dressed in the north and $87-88.50 in the southern...
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