Increase in Beef Supply Should Cut Retail Prices

A mountain of meat has ended the longest rally in U.S. cattle prices since at least the 1960s, when baby boomers and McDonald’s ushered in the American burger boom. Not only have ranchers added to their herds, but consumers are being inundated with increased supplies of cheaper pork and poultry. Ground-beef prices are down from a record high 11 months ago, and buyers like Darden Restaurants Inc., owner of the LongHorn Steakhouse...

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U.S. Raises Farm-Income Forecast After Crop Sales Increase

Washington — The U.S. Department of Agriculture raised its forecast for U.S. farmers’ profits this year, with crop sales rising above an earlier estimate and help coming from other sources of income such machine rentals. Income will be $100.3 billion, the USDA said last week in a report, down 21 percent from 2014 and a second straight annual decline. Still, that’s 12 percent more than forecast in February. Crop receipts are increasing...

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Trade Groups, Farmers Spar Over Beef Ban

Washington — Bob Wilts was 10 years old when the Big Lake, Minn., farm where he grew up got its first beef cow. Fast forward 45 years to today, and Wilts still lives in Big Lake, about 35 miles northwest of Minneapolis. He still raises cattle. Wilts and his wife, Judy, manage about 30 steers that they sell to individual families and stockyards annually. But Wilts and other ranchers worry about something that they say could threaten...

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