A recent double-digit drop in hog futures pushed margins to breakeven levels or below.
Program loans up to $40,000 to as many as three veterinary students each year.
Cattle market analyst Daniel Bluntzer believes live cattle prices could reach the $170s this spring.
Total U.S. red meat and poultry production could slip this year for the first time since 2014.
The IPT Bull Sale has sold nearly 5,000 bulls valued at over $9.6 million the past 55 years.