The unemployment rate has dropped, a sign the economy might grow.
Most of 2014 saw record high prices, but the downward trend in the beef and cattle markets looks like it could carry into the New Year.
State from Iowa officials on Friday approved tax credits for developers to reopen a long-closed meatpacking plant in Tama that would eventually employ about 600 workers.
Trend of less available frozen beef continues.
Live cattle futures now trading premium to cash bids.
Chicago Mercantile Exchange lean hog futures surged more than 3 percent on Friday while live cattle gained about 1 percent, lifted by chart-based and investment fund buying, traders and analysts said.
Beef imports are up, while exports have fallen.
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