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COVID-19 exacerbating cattle price volatility

COVID-19 exacerbating cattle price volatility

Cattle groups increasing calls for help as industry grapples with future of cattle farms at risk.

While COVID-19 is affecting many people worldwide, several cattle groups have raised concerns on the ongoing impact to cattle markets. In the past week, boxed beef prices have increased, while fed cattle trade and live cattle futures markets have plummeted. Concerns over future beef demand, the availability of feedstuffs and potential processing disruptions have added to uncertainty in the beef community.

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