US: Shrinking herds push beef prices higher
30/09/2013
US feedlots had 7.2% fewer cattle being fattened for slaughter on September 1 than a year earlier, according to a new US Department of Agriculture report. Exports of beef during the first seven months of 2013 were up 2.8%. “The feed report really catapulted prices higher,” Lane Broadbent, vice-president of brokerage Kis Futures, told Reuters....
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