Understanding decling oil prices in relation to cattle and beef

Understanding decling oil prices in relation to cattle and beef

Kerry Halladay

Southern Livestock

What’s cheaper than a barrel of oil these days? For one, the barrel used to hold it. As of press, a barrel of light crude was $29.72/barrel, having lost roughly 20 percent of its value in a month. What’s worse is it is projected to go lower as supplies are expected to increase.

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