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April Live Cattle is trading at 155.52, down 0.22. June Live Cattle is trading at 146.60, nearly unchanged.
Market chatter of increased protein competition for domestic use continues to bring sellers in on rallies. Talk that poultry exports represent near 18 percent of total U.S. production has led to some concern about consumers switching to lower priced meat for consumption.
Beef prices were down $1.20 at midsession to $246.27 on Thursday. The USDA reported weekly U.S. beef export sales were 17,200 tons.
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