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Decades-old Llano Livestock Auction closes

LLANO, Texas (AP)--The last deal has been made at the Llano Livestock Auction.

The nearly half-century old operation held its final auction Feb. 17.

Owner Hatch Smith says the price of cattle has dropped, plus more ranch land is being developed. Smith told KXAN-TV that drought conditions also affected the cattle business.

About 200 cattle were sold Feb. 17 at Llano Livestock Auction.

Smith says he's closing the auction started by his grandfather, but he's not giving up on the cattle business. Smith says he'll be fine, and "there are a lot of people in worse shape."

Texas is the nation's largest cattle-producing state.

Llano is a town of about 3,800, located 75 miles northwest of Austin.



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