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Chicago beef Futures hit a new high! A cold wave hits the USA cattle region, which is likely to intensify supply tensions!
As a major cattle-raising region in the USA, the Central Plains and Midwest have recently faced severe cold weather, significantly impacting the local cattle industry. Chicago beef Futures prices surged to historical highs on Friday, and Analysts warn that adverse weather conditions may lead to a reduction in herd size and a decrease in carcass weight, further exacerbating the tight supply of beef in the USA.
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