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STOCKER CATTLE operators who paid
big money for calves a few months ago face an entirely different price
structure now that those beasts are coming off. One order buyer notes
that many of the people he buys from "have forgotten how bad it
hurts" to lose money, but that they are relearning quickly now
that feedlots are passing their own losses of as much as $100 per head
back down the chain. Retail beef prices, of course, are at near record
highs and packers remain in the black as well.
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