U.S. Cow Herd Drops to Seven-Year Low, Beef Prices Set to Rise Further
The United States has the fewest beef cows in seven years, the U.S. Department of Agriculture said on Monday, signaling that high meat prices will continue to rise.
Ranchers increasingly sent cows to slaughter last year, rather than keeping them to reproduce, as dry weather reduced the amount of pasture for grazing in the western United States and on the Plains.
Labor shortages and workers’ fears about COVID-19 also limited slaughtering at processing plants run by companies such as Tyson Foods Inc and JBS USA...
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