Beef Prices Are at a Record. The Winners: Cattle Ranchers
Business hasn't been this good for cattle ranchers in decades, maybe ever. Herds are thin and beef demand is strong, helping send prices for everything from ground beef to steaks to record levels.
Ranchers are putting some of their windfall toward upgrading long-neglected equipment. Others are paying off longstanding debts.
Shaun Loughery is pouring his earnings into bull semen.
In past years, he has spent around $120,000 annually on semen and breeding bulls. The idea is to produce cattle that can yield juicier...
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