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CME Cattle Futures Plummet
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CME cattle futures plummet as funds sell, ending near weekly lows, amid concerns about consumer demand, high prices, and potential bottom in feed corn values. Despite improved margins and lower cattle slaughter, futures prices fall.
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How might the decline in CME cattle futures impact the beef industry's profitability and sustainability?
How might the lower cattle slaughter and improved margins affect the beef packer's profitability and market dynamics?
What factors could contribute to the potential bottom in feed corn values and its influence on the livestock market?
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