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Rising Beef Prices Means Large Food Producers Are Importing More Foreign Cattle

Summary by dougbillings.us
With beef prices continuing to skyrocket, demand has shrunk and forced many of the largest food producers to import cheaper alternatives. Tyson Foods is among those who have been “squeezed” into not only importing more but also exporting less. Tyson CEO Donnie King in August warned low cattle inventories were leading to difficult export market conditions. The U.S. beef cow herd in January was the smallest since 1962. As a result, imported beef p…
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