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2010-06-08Sarcoxie, MO | By: Wayman
Eldon Cole, with University of Missouri Extension Center in
Mount Vernon, says the cattle market began to improve earlier this
year. He attributes that to a better general economy, as well as a
lower inventory of cattle.
The Joplin Globe reports that prices spiked to about $1 a pound
in January and are now about 90 cents a pound. Cole says beef
inventories are down 5 to 10 percent.
Ron Plain, a state agricultural economist, says Missouri cattle
producers have been reducing their herds for four years, and that's
helping to increase prices.