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US Perspective—02.12.08

03/12/2008

November ended with continued pressure on the hide markets. The steer prices settled at around $42-$44, heifers at $34-$38, and branded cows in the $11-$12 range.

Slaughter ended at 584,000, down 12,000 compared with Thanksgiving week a year ago. Lower kill numbers are the result of pressure on margins for packers, created by lower demand for beef at retail and food service.

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