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Many livestock and poultry producers have bought what they needed for the rest of the year, and the pace of new buying was likely to slow to a near-halt surrounding of the holiday.
Chicago Board of Trade soymeal futures climbed to their highest levels in three weeks, further cooling demand. CBOT December soymeal futures were up $1.60 at $321.20 per ton at 9:59 a.m. CST (1559 GMT).