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Beef Prices Soaring: Why U.S. Cattle Herd is at Record Low
Published 1 month ago
Description
Record-high beef prices in the U.S. due to smallest cattle herd in 70 years, exacerbated by soaring feed, fuel, and hay costs, droughts, and scarce grass. Ranchers selling young cows instead of building herd, with rebuilding efforts hindered by past droughts and high corn and hay prices. Steady grass and lower costs needed to alleviate supply crunch and lower prices.
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