Prices for live and feeder cattle as well as wholesale beef cuts opened up again today as the meat industry reacts to smaller herds.

Beef supplies are expected to be down by as much as 5% next year, to their lowest/capital levels in 40 years. Meanwhile exports are surging 35% above last year’s totals.

The younger feeder cattle were up to $145, compared to $117/cwt. in late 2010.

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