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Wholesale Beef Remains Near 3-Month Low

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(Commodity Update)

Wholesale beef remains near a three-month low, but retailers appear to be stepping up purchases on weaker prices. Choice beef cutout values rose 3 cents Wednesday to $262.83 on strong movement of 121 loads.

Live steers averaged $143.31 this week through Wednesday morning, down about $3.50 from last week’s average.

 

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