The need to increase purchases in the spot market pushed cash cattle prices sharply higher last week. Live sales ranged from US$/cwt 250 to 256, with most transactions around US$/cwt 255, while dressed prices moved between US$/cwt 398 and 405, with the bulk at US$/cwt 400. Weekly gains reached US$/cwt 9 for live cattle and US$/cwt 17 for dressed.
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