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  • Cattle prices plunge to GFC lows amid soaring food prices

    Cattle prices plunge to GFC lows amid soaring food prices

    US live cattle futures plunged last week to levels not seen since the 2008-09 financial crisis as impacts from the coronavirus pandemic are being realized.

    H/T: Zero Hedge

    “Farmers crushed under the weight of plunging spot prices and consumers stressed over rising food prices as the economy crashes into depression during a pandemic is a powder keg of social instabilities ready to ignite,” the report concludes.

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