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CME Cattle Futures Hit New Lows
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CME Cattle Futures Rebound
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CME Cattle Futures Rebound from Lows
Overview
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CME cattle futures reach new lows due to technical selling, weak beef prices, and rising feedlot supplies. U.S. cattle herd shrinks, but feedlot cattle placements are above year-ago levels. Hog futures decline on weak cash prices for ample hog supplies.
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How do declining hog futures and weak cash prices affect hog farmers and the overall meat industry?
How might the decline in CME cattle futures impact the beef industry and related businesses?
What strategies could be employed to mitigate the effects of weak beef prices and rising feedlot supplies on the cattle market?
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