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Fed Cattle Recap | Prices continue higher

Cash prices for fed cattle improved again and were steady to $10 higher on smaller cash sales volume.

Proposed legislation requires 50% of fed cattle be bought on the cash market.

A bright spot is that U.S. banks are not overly exposed to the oil sector's crisis.

The cash market for fed cattle improved as the week progressed, ranging from $1 to $1.20 on higher cash sales volume.

Federal Reserve Chairman Jerome Powell said a full rebound may not be possible until a vaccine is made.

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