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“Feeder auctions this week have been strong, and yesterday’s pullback may be a normal technical correction,” the Hightower Report said. “…The latest cattle on feed report will be issued Friday afternoon, and Bloomberg estimates for on feed are 101.8% of last year, placements 96.8% and marketings 96.1%.”
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Boxed beef cutout values this afternoon were up on Choice and up on Select, USDA said.
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