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farmersadvance.com
Live cattle prices hit new highs driven primarily by supply-side constraints
We’re at the lowest cattle inventory in the U.S. since the 1950s as we saw a lot of heifers get placed on feedlots a couple years back which reduced the herd. We haven’t seen much of a rebuilding since then and as a result, we’re seeing this astronomical rise in cattle prices the last couple years.
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