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Commodities Markets Surge on Cash Prices
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CME cattle and hog futures reach multi-month highs driven by rising cash cattle prices, brisk beef exports, and technical strength. Meanwhile, Chicago soybeans, corn, and wheat are set for weekly gains due to short-covering support, with the U.S. economy growing more quickly than expected in the fourth quarter.
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How might the U.S. economy's stronger-than-expected growth affect global commodities markets?
How might the surge in cash cattle prices impact the overall cattle industry?
What factors could influence the short-covering support in commodities markets?
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