Just noticed US beef cattle futures hitting record prices lately. Saw that live cattle on CME closed around $2.51 per pound, which is wild considering we haven't seen levels like that since the 1960s. Each contract is basically 40,000 pounds, so you're looking at roughly 30 to 35 head of cattle per contract. The US beef market is clearly under serious pressure right now. Makes you think about what's driving these moves - supply constraints, feed costs, demand shifts. Definitely something to keep an eye on if you're following commodity markets.

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