Fattest-Ever U.S. Cattle Herd Signals End to Record Beef Prices
Chicago — Cattle in the U.S. are now the fattest they’ve ever been, signaling an end to the seven-year run of record beef prices just as losses begin to mount for American feedlot owners. Tom Fanning, who manages a feedlot herd of 30,000 in Buffalo, Okla., said he loses $100 to $300 on each animal he sells to slaughtering plants, even though they are bigger and produce more meat than ever. Its worse for other producers. On average,...
