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A dry spell means domestic cattle supply is down. Meanwhile, demand for beef has seen a slight uptick this year.
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Cash cattle averaged $186.35 per cwt. the week ending Nov. 9, while Comprehensive Beef Cutout prices posted a $4.69 per cwt.
The European Union is going after Apple for potential geo-blocking practices involving iPhone apps and content in the region.
However, “the deterioration of the purchasing power of the Argentine population reduces the ability to keep meat in the domestic market,” said Hyberville Neto, director of the consultancy HN Agro.