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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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