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This content covers an overview of livestock, a strategy to establish a ceiling price by purchasing livestock call options, a feeder flash update on 12/23 highlighting the arrival of 'Santy Clause' (likely a play on words for 'Santa Claus' in the context of livestock markets bringing seasonal price upticks), and education on the concept of basis in livestock trading. Basis refers to the difference between the cash price of livestock and the futures price.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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