In its June Livestock, Poultry and Dairy advisory note, the agency says higher cattle prices have encouraged increased cattle slaughter in the second quarter. Data also  indicates continued larger placements of cattle in feedlots than expected in May. Cattle prices in 2003 are forecast higher than in May as strong beef demand and short term supply concerns have resulted in stronger cattle prices during the second quarter, the report says. Likewise, hog prices in this quarter have been raised.

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