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Ranchers Brace For Tough Times As Pandemic Hits Beef Industry

The problems from the pandemic are rooted in basic supply-chain economics: as some of the nation’s largest meatpacking plants were forced to slow or altogether stop their operations in recent weeks, the number of cattle being slaughtered fell dramatically. Weekly cattle slaughter numbers in the U.S. fell by about 250,000 from late March to the end of April before rebounding this month to about half of where they were before the drop, according to data from the Livestock Marketing Information Center. Read more....

 

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