Beef Prices Expected to Increase This Year as Farmers Deal With Drought

Despite the torrential rainfall in the South with Hurricane Isaac, severe drought is affecting the Midwest, which is expected to make the already rising price of beef only go higher. Many farmers are selling their cattle to save their profits because they don't have the grass and water to feed them. Missouri, which has 106,500 ranches, the second largest number of any state, behind Texas, is seeing noticeably smaller herds, the St. Louis Post-Dispatch reported. Last week, there were 30,571...Full Story
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