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Feeder and fed cattle prices move higher

Stronger Cattle futures and the previous week's Cattle on Feed report helped boost cattle demand.

Prices managed to stay $3-$5 higher as more feeder cattle came to auction barns.

The cash market for fed cattle was mostly $1-2 higher on bigger numbers.

Improved futures price opportunity helped lift prices for steers and heifers higher by $2-$7 per cwt.

Feeder cattle numbers look similar to last year as prices improved considerably.

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