Trade was a major topic covered by most of the witnesses testifying at yesterday's hearing held by the Livestock, Rural Development and Credit subcommittee of the House Agriculture Committee. State of the Livestock Industry The Livestock, Rural Development and Credit subcommittee of the House Agriculture Committee held a hearing on the state of the livestock industry yesterday. Testifying were witnesses representing the beef, pork, chicken, turkey, sheep and processor sectors as well as the National Farmers Union (NFU) and USDA chief economist Joe Glauber. A general overview was sketched by the witnesses. Beef prices are at record levels as a function of reduced supply. Pork demand is up in light of a shorter supply of beef, but is also f...