Feb. 10 AM Live Ag Report

FRESNO, Calif.

According to the US Department of Agriculture, corn exports are rising.

US officials say exports are projected to be 50-million bushels higher because of reduced supplies in Argentina and recent increases in both sales and shipments of corn.

The projected exports are based on the pace of shipments during the most recently reported quarter, which was September to November 2011.

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According to the US Department of Agriculture, last month the US hit the lowest cattle levels since 1952.

And supplies of cattle around the world are dwindling.

The USDA says we should expect to see the cost of beef rise at least four to five percent this year.

And ranchers agree they see the cost going up in 2012 before supplies begin to rise, bringing the price back down, slowly through 2020.

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