Last week I mentioned it was going to be interesting to see what happened with the stand-off between the feeders and the packers. The packers were bidding lower, and the feeders were holding tough on asking prices. The feeders know they finally have the leverage, especially since they know the packers need to stock up for Labor Day and increased retail demand. The packers have continued to slow down the chains, using contracted cattle and trying to stay out of the live market as much as they can. The stand-off continued last week in the south, but northern live cattle...

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