TCR's Weekly Market Summary...
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For the week ending July 20th:
All classes of cattle traded slightly lower on substantially reduced numbers reported sold. Cattle futures closed $3.00 to $4.00 higher than last Friday while dressed beef was steady.
The USDA mid-year cattle inventory was released on Friday with "All Cattle & Calves" up 1%. However, beef replacement heifers were 2% lower than a year ago.
USDA reported that weekly beef export shipments last week hit a marketing year high of 19,561 MT.
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