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San Antonio Express-News - Prices rise as cattle numbers fall

Dry pastures pushed the nation’s ranchers to cull cattle herds to their lowest level in 61 years, the U.S. Department of Agriculture said Friday.

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“Historically, the U.S. cattle herd is very cyclical in number,” Texas Tech University Professor Guy Loneragan said in an email. “In terms of the current contraction, for some reason, the reduction of size of the national herd has gone on somewhat longer than usual.”

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