LIVESTOCK MARKETS: Where's the bottom for cattle prices?

Economist says downward pressure on cattle prices likely to continue through summer.

It has been a rough ride for cattle prices this spring. After peaking in late 2014 and early 2015, prices have been adjusting downward from very lofty levels. Purdue University agricultural economist Chris Hurt said high prices and profits at that time provided the incentives to expand beef production. Now, however, beef production expansion and a “remarkable” recovery in total meat supplies are putting downward pressure on cattle prices, he said, adding that this will likely continue thr

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