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LIVESTOCK MARKETS: Downdrafts continue in markets

Prices for hogs and cattle likely to decline further during fall time frame.

There are still downdrafts in the cattle and hog markets -- the result of August doldrums of meat demand, according to David Williams, director of the Agribusiness Intelligence Protein Group at Informa IEG.

“Futures and cash prices are all falling. So, the question is, 'When is enough enough?' We don’t really know what that bottom looks like, but the downtrend is definitely in place," he said. "A lot of money is being pulled out of both lean hogs and cattle futures.”

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