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Expects beef exports to increase in 2012, although at a slower rate than production.
Texas agricultural losses due to the 2011 drought reached a record $7.62 billion, making it the most costly drought in history.
To show Placements above year-ago and Marketings just below year-ago.
Sharp pressure on futures ahead of the report should limit reaction.
Controversy over lean finely textured beef results in plant closures.