Feedlot closure is part of bigger economic picture

Feedlot closure is part of bigger economic picture

D’arce Mcmillan

Western Producer

Livestock futures markets were slammed lower again last week with fed cattle and hogs each testing multi-year lows. There is just too much meat on the market — pork and beef. October live cattle futures fell to 98.900 cents per pound Sept. 30, the lowest point on a continuous chart since November 2010.

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