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CHICAGO: Fed cattle in Texas and Kansas traded late on Friday $3 to $4 higher at $123 to $124 per cwt, according to feedlot sources.

The prices compared with trades at mostly $120 last week, sources said.

In Nebraska, live-basis cattle moved at mostly $124 per cwt versus mainly $122 a week ago. Dressed cattle there sold at $195 compared with mainly $192 a week ago, a feedlot manager there said.

Copyright Reuters, 2012

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