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KANSAS STATE UNIVERSITY STUDENT WINS BEEF INDUSTRY SCHOLARSHIP

Denver (January 12, 2007) - Twenty outstanding students pursuing careers in the beef industry have each been awarded a $1,500 scholarship provided by the Chicago Mercantile Exchange, Inc. (CME) and the National Cattlemen's Foundation (NCF). The CME has sponsored this scholarship program for 17 years.

Each scholarship winner wrote a 750-word essay that identified key issues confronting the beef industry and suggested possible ways of dealing with those issues.

The overall scholarship winner, Ben Williams of Logansport, Ind., was awarded an all-expense-paid trip to the 2007 Cattle Industry Annual Convention and Trade Show in Nashville, where he will be recognized during the National Cattlemen's Beef Association Awards Program Lunch on February 3.

Williams is a junior at Kansas State University in Manhattan, Kan. Williams' award winning essay discussed animal traceability. As a student, the award will allow him to take advantage of every opportunity possible to gain a better and broader understanding of the cattle industry.

The additional 19 scholarship recipients were:

The Chicago Mercantile Exchange has been a leader in the live cattle market since 1964 and the Beef Industry Scholarship Program exemplifies CME's commitment to the beef industry. CME is a diversified marketplace offering futures and options contracts on livestock, lumber, stock indexes, interest rates and currencies.

The National Cattlemen's Foundation advances the future of the beef industry with passion and urgency for the benefit of consumers and cattlemen.

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