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flag Live cattle futures reach record highs as low inventories and halted Mexican imports drive up costs.

flag Live cattle futures hit record highs at the Chicago Mercantile Exchange due to low cattle inventories and firm US cash prices, forcing meatpackers to pay more. flag The US Department of Agriculture has halted Mexican cattle imports due to a livestock pest. flag Despite a recent setback, beef prices have risen, with packers now facing losses of $178.50 per head. flag Hog prices have also increased due to lower slaughter numbers.

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