Big supplies push cattle and hog markets lower
Published
9/6/2016
Big and cattle farmers have seen a sharp drop in prices within the last few months, a result of large supplies and a higher slaughter rate than anticipated.
Spring-finished cattle price highs were near $138 per live hundredweight, but recently fell to $115, a $23 plunge, according to Chris Hurt, an agricultural economics professor at Purdue University.
The story is similar for hogs, he said.
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