Source: Tom Johnston, MEATINGPLACE, 10/28/13

Cash cattle prices this fall have continued to increase due to small cattle supplies, a favorable demand base and low feed prices that have pushed feeder cattle futures prices to record highs.

Fed cattle averaged $132.30 last week, the highest cash slaughter cattle price on record, according to the Daily Livestock Report, as cattle slaughter numbers reach lows not seen since 1991 and 1979.

Even higher cattle prices are expected in coming months, according to Purdue University Extension Economist Chris Hurt.

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