According to the Economic Research Service of United States Department of Agriculture, all categories of live cattle prices have declined recently since early September. However, due to the expectation that placement weight feeder cattle would be scarce in 2013, prices for lightweight steers have remained comparatively stronger. In view of the ample supplies of poultry and pork, retail beef demand remains weak. Meanwhile, feed prices are hiking up all the way, leading to the great pressure on the stakeholders to ask for higher feeder cattle prices.
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