URBANA, Ill. – The beef industry stands alone in 2015 in its continued reduction in supplies available to consumers. The year 2014 was a special year for the animal production industries with record-high farm-level prices for cattle, hogs, broilers, turkeys, milk, and eggs. For 2015, a surprisingly fast expansion of poultry, pork, and milk production will cause lower prices for those commodities. Purdue University Extension economist Chris Hurt says beef stands alone in the continuation toward lower production, but prices remain uncertain....
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