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Source: Shruti Date Singh, FARM FUTURES, 1/30/17
The U.S. beef boom is probably over. Thanks to tightening animal supplies and tepid demand, companies including Tyson Foods Inc., the largest U.S. meat processor, and Cargill Inc. are facing plunging profits on every head of cattle they slaughter. That’s a sharp reversal of fortune from last year, when the fastest expansion of the American cattle herd in four decades increased margins for packers. For more of this story, click here.
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