Beef Prices Hit $9.26 Per Pound As Cattle Numbers Reach 74-Year Low
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Microsoft NewsMoney Talks News
Beef Prices Hit $9.26 Per Pound As Cattle Numbers Reach 74-Year Low
A perfect storm of drought and high feed costs has created a cattle crisis pushing beef prices to record highs. Savvy shoppers are turning to bulk buying, digital coupons, and creative cooking to keep meat affordable.
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The cattle market continues to exceed expectations, consistently surpassing predictions of a downturn. While the 10-year cycle suggests an approaching peak, industry consolidation and supply challenges have prolonged the upward trend. Recent regulatory scrutiny has improved price transparency for producers. Although cattle prices have limited influence on grain markets, corn prices can impact cattle economics. The current market remains robust, yet prudence is advisable given the cyclical nature
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