LIVESTOCK MARKETS: Beef production surges in April

Increased beef production factors into lower prices, while U.S. pork industry sees promising signs from Argentina.

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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