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flag US cattle herd hits a record low of 94.2 million, driving beef prices to record highs.

flag The US cattle herd has hit a record low of 94.2 million, the smallest since 1961, due to years of drought forcing ranchers to reduce their herds. flag This decrease is causing record-high beef prices. flag The situation is worsened by restrictions on cattle imports from Mexico due to a New World Screwworm infestation. flag This shortage is boosting cattle futures prices, as traders expect reduced cattle availability.

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