Beef Prices Rise Amid Supply Concerns
The article reports that beef prices in the U.S. have reached record highs due to a significant cattle shortage caused by drought and increased operational costs, with the cattle herd at its lowest in over 70 years. Despite plans to resume cattle imports from Mexico, supply constraints and ongoing challenges are expected to prolong higher prices. Tyson Foods experienced losses in its beef division amid decreased sales volume and rising input costs.
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