Cattle futures close lower but hogs were higher

It was pretty much a stare down between packers and feedlot operators on Thursday afternoon, with both apparently satisfied to wait until Friday for significant trading of cattle. Packers remain cautious in the face of ugly processing margins. Feedlot managers remain confident thanks to board premiums and ideas of manageable supplies. Asking prices are around 126.00 to 127.00 in the South where there were a few bids of 121.00. Northern feeders are asking 203.00 and bids are at 195.00. The

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