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AGRIBUSINESS: Retail Beef And Pork At Record Levels

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Short supplies of beef and pork have finally reached the retail level.

After the first quarter of the year, the American Farm Bureau Federation Deputy Chief Economist John Anderson says retail prices for beef and pork cuts have gone into record territory.

Average pork price per pound in March was $3.83, higher than the record level last fall. Beef saw a 23 percent increase compared to the 2010 to 2012 average at $5.40 per pound.

The cattle herd is at its lowest point since the 1950s and markets saw record level increase per hundredweight this past year.

Pork production is stunted with widespread fears of the toll Porcine Epidemic Diarrhea virus took and hog markets saw record level increases as well.

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