Spring sprung early this year, as fed cattle prices have dropped sharply from their highs in early spring, according to David Anderson, professor and extension economist for Texas A&M AgriLife Extension Service.
Texas-Oklahoma fed cattle prices averaged $139.05/cwt. for the week of March 20, 2016. A month later, they averaged $126.87/cwt., down 9.1%. By the end of April, they were quoted at $124, a full 10.8% decline from the previous month.
Anderson said one of the fact
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