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Demand Whacks Cattle Prices

2013-02-23 04:53:00| Beef

Nearly a month after shuttering its Plainview, TX, packing plant, Cargill looks more than prescient. Based on carcass cutout values and weekly boxed beef sales, consumers have little appetite for more beef at higher prices (see "Beef Consumption-Demand Struggle"). Boxed-beef cutout value traded either side of even and about $20/cwt. shy of getting close to packer and feedlot profitability by many estimates. read more

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