28-02-2014 01:05 AM | USA

Cattle prices rise to record highs

Cattle futures rose to a record as ranchers struggle to boost the U.S. herd from a 63-year low, and hogs climbed to a 34-month high after a virus that kills piglets spread, spurring concerns that meat supplies will shrink.

Beef output in the U.S., the world’s top producer, will fall 5.3 percent this year to 24.35 billion pounds, the lowest since 1994, the Department of Agriculture has forecast.
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