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Fed Cattle Recap | Cash prices continue to plummet

Packing plant woes rock the entire beef production chain.

Cash prices for fed cattle ranged from steady to $11 lower and cash volume was again lower than the previous week.

Cash prices for fed cattle were mostly $6 lower and cash sales volume was again lower than the previous week.

The feedlot cattle trades were mostly $8 lower and cash sales volume was much lower than the previous week.

If companies are unable to roll over their debts, many will go bust, throwing more people into the overloaded unemployment insurance system.

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