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Retail beef and pork prices continue to push into record territory

from Farm Futures

Retail meat prices for both beef and pork will be a bit higher this grilling season on the back of the Porcine Epidemic Diarrhea Virus and drought-driven tighter beef supplies, University of Missouri and American Farm Bureau economists say. The long-term effects of searing back-to-back droughts in 2011 and 2012 resulted in less feed available for cattle, and ultimately forced a substantial decline in cattle numbers that is now resulting in lower beef production and higher beef prices. more

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