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  • Beef fetches prime price as drought shrinks cattle herds

    Beef fetches prime price as drought shrinks cattle herds

    Check out this story in the Seattle Times:

    http://seattletimes.com/html/businesstechnology/2023067815_droughtbeefxml.html

    "Unrelenting drought across large swaths of the Great Plains, Texas and California has led to the smallest U.S. cattle herd since 1951, shrinking the supply of beef. That has sent prices higher for everything from rump roasts to rib-eyes.

    The U.S. Department of Agriculture (USDA) said the average retail price per pound for fresh beef in January was $5.04, the highest price ever on records that date back to 1987."

    That's good news for cattle ranchers but bad news for steak lovers!