LIVESTOCK MARKETS: Midyear review of cattle production, prices

LIVESTOCK MARKETS: Midyear review of cattle production, prices

U.S. commercial beef production expected to continue to increase.

The Livestock Marketing Information Center (LMIC) said in looking back at the first six months of 2016, the one-word summary for beef production compared to a year ago is “growing,” especially during May and June. The first term that immediately comes to mind regarding cattle prices is “volatile,” LMIC said, especially in futures markets. A close second price descriptor was “lower” year over year.

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