Beef Prices Expected to Stay Up as Supply Shrinks

By: The Associated Press
By: The Associated Press

LUBBOCK, Texas (AP) -- Tight supplies are expected to keep beef prices high for the next few years.

Average retail prices of beef have climbed from $4.18 per pound in July 2009 to $4.44 per pound last July.

Economists say ranchers and feedlots have reduced supplies, largely in response to rising prices of corn and soybeans fed to cattle.

Texas A&M University livestock economist David Anderson says cattle producers have been hurt by low profits for several years and responded by cutting production.

While U.S. consumption of beef has fallen, exports are up significantly. With prices high, that foreign demand has meant stronger profits for producers.

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  • by non anonymous on Oct 27, 2010 at 01:11 PM
    This is about Control. Less Meat for Americans means less red blooded Americans. Makes us weak and easier to control.
  • by vegan Location: Brooklyn on Oct 27, 2010 at 08:25 AM
    Should just let them all go and let nature run its course, cattle/cows are grazing animals and not meant to eat corn and soybeans.
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