News

US beef profits soar on Canadian Mad Cow Disease scare

04/06/2003

Spurred by the detection of Mad Cow Disease in Canada, the price of US wholesale beef and profits for beef packers have hit record highs.

 

Since the US banned all Canadian imports of cattle on May 20, 2003, the average profit margin for the country’s beef packers has risen from an estimated $43.70 per head to $101.50.

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