LIVESTOCK MARKETS: More room for cattle price recovery?

Beef chain adjustments may be one factor in price volatility.

Purdue University agricultural economist Chris Hurt noted that some are calling the current cattle market one of the most volatile ever. While an evaluation of that statement would take considerable number crunching, he said everyone can agree that few expected cattle prices to go above $170/cwt. in late-2014 and then to fall below $100/cwt. in mid-October 2016.“That was an incredible decline of $75 in about two years,” Hurt said.

He referenced the old adage that "what goes up must

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