European Midday Briefing : AI Nerves Linger Ahead of U.S. Inflation Data -2-
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The European Midday Briefing highlights the cattle auction by the Jordan company in San Saba, Texas, where 1,100 head of cattle are expected to sell for over $2 million. The auction reflects current market dynamics, with prices at $1.30 per pound, significantly higher than five years ago but lower than premium cattle prices. The auction serves major buyers including McDonald's and Wendy's, showcasing the importance of cattle weight in pricing.
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