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Calf Prices Meet Resistance

2014-04-12 15:46:00| Beef

Feeder cattle and calves sold unevenly steady, mostly from $3/cwt. lower to $3 higher. Grass-ready cattle continue to receive the stoutest demand. Tumbling wholesale beef values pressured cattle markets this week. On the one hand, declining wholesale beef values point to tougher sledding with consumers, especially as more volume enters the market. On the other hand, spot Live Cattle futures continue to offer cash support to fed cattle. read more

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