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(September 26, 1997) CATTLE: The USDA weekly Meat Production report puts this weeks' beef production 6.9% above same period last year. The number of head slaughtered were up 3.8% while dressed weights were up 13 lbs. Ideas of cattle trading at higher money next however packers will be reluctant to pay up unless demand improves. Boxed beef cutout values were lower again at noon. Futures markets were quiet today as firmer fundamentals next and technical short covering supported the market. The October contract closed up 0.52 for the week while the December closed down 0.85.
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