TCR's Weekly Market Summary...
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For the week ending September 14th:
The market acted like it could finally see over the "wall of cattle" that has weighed it down all summer. Live cattle futures gained nearly $4 while feeder cattle futures were nearly $6 higher. There was no cash trade for fat cattle with sellers asking $3 to $5 more than a week ago while the packers stood firm at $108. Feeder cattle and stocker calves were $2 to $3 higher with instances of $5 higher. The market was also helped by corn, reacting to projections of a massive crop, dropping by 20 cents.
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