The fed cattle market dropped back to last week. This was certainly not surprising as the packers had already made their big push to stock up for the last big grilling weekend of the year. Some feeders went ahead and sold cattle last week at lower money, but the majority of feeders turned down the bids and decided to wait for this week. Beef movement is usually very strong over Labor Day Weekend and weekly estimated slaughter came in at 638,000 head, 17,000 higher than the same week a year ago, so I would venture to say the...

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