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Declining cattle numbers cut supply, push beef prices to record highs

Published 03/04/2012, Agweek

SHARON, N.D. — Veteran rancher Keith Johnson has lived through droughts, blizzards and long stretches of poor prices. That makes him appreciate this winter even more. Beef prices have soared to record highs, reaching levels he describes as “unimaginable, the highest we’ve seen in our lifetime.”

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