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Cattle Futures Plummet Amid Weather Woes and Fed Warnings

3/21/2025

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Summary

Story summary

CME cattle futures declined from record highs, influenced by Midwest weather challenges and Fed Chair Powell's economic warnings.
June live cattle contracts fell by 2.250 cents, closing at 202.775 cents per pound.
Weather disruptions in Kansas and Nebraska raised concerns about cattle movement and supply chains.
Powell's remarks indicate possible market volatility linked to consumer demand fluctuations.

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Story summary

CME cattle futures declined from record highs, influenced by Midwest weather challenges and Fed Chair Powell's economic warnings.
June live cattle contracts fell by 2.250 cents, closing at 202.775 cents per pound.
Weather disruptions in Kansas and Nebraska raised concerns about cattle movement and supply chains.
Powell's remarks indicate possible market volatility linked to consumer demand fluctuations.