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The cattle publication rack a very inelastic market due for the breeding characteristics that control supply. The gestation period for cattle is approximately 40 weeks. Obviously, cows can be brought to market or, held back for breeding. Time period in a cattle farmers deciding regardless of if the current market price justifies the instant gratification of cashing out and bringing cattle to market or holding them back for breeding to satisfy future demand. Last year, the cattle market set a thorough time high just over $131. I believe we will breach that level to set new highs again in 2012.

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