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Tuesday, November 19, 2013

US cattle market adds more bullish fodder for local markets

By Angus Brown  |  Source: CME

The Chicago Mercantile Exchange (CME) Feeder Cattle futures recently hit record highs, while Live Cattle futures are just short of the record highs seen last December. Many analysts are forecasting prices to go higher. Today we look at what is driving the very strong US market, and what it means for Australian cattle prices in the short and medium term.

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Mecardo information is provided to assist in your marketing decisions. It contains a range of data and views on the current market. It is not intended to constitute advice for a specific purpose. Before taking any action in relation to information contained within this report, you should seek advice from a qualified professional. The information is obtained from a variety of sources and neither Mecardo nor Ag Concepts Advisory will be held liable for any loss or damage whatsoever that may arise from the use of information or for any error or mis-statement contained in this report. 

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