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المشهد العربي
US beef prices climb amid drought
The U.S. markets experienced an increase in beef prices during May, with the price per pound of ground meat reaching $7.064, representing a 13% rise compared to last year. This surge was due to herd contraction caused by drought, which led to a decrease in livestock numbers. Additionally, steak prices rose by 16% to $12.8 per pound, despite a slight monthly decline driven by seasonal discounts.
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