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Florida-Alabama packing plants declines of $1.75 to $2 were registered. A week earlier they plummeted $4 a hundred pounds.
Meanwhile, cash grain prices plunged lower. Soybeans were mostly 35 to 40 cents a bushel lower with a cash spread of $4.40 to $4.89-1/2. Corn prices were mostly 10 to 15 cents lower with a cash spread of $2.34 to $2.89.
GRAIN—Corn and soybean prices moved sharply lower during the week ending October 24. Corn
97.9%