As U.S. cattle herd shrinks, meatpackers ‘are scrambling’
Drought and high feed costs have driven ranchers to send cattle to slaughter instead of keeping them for breeding, Reuters reports, shrinking the U.S. beef herd to its smallest size since 1962. As a result, meatpackers are paying considerably more for the cows they turn into meat, which cuts into their profits. Analysts told Reuters… » Read More
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