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Sarcoxie, MO (2010-06-08) Cattle farmers in Missouri say prices for their cattle are the highest they've been in years.
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.
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