US Cattle Supply Shrinks and Beef Prices Stay High
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Tyson Foods is cutting beef-processing capacity as the US cattle herd nears a five-decade low driving up livestock costs and contributing to persistent losses in beef business. Bloomberg News Agriculture Reporter Ilena Peng is on Bloomberg This Weekend and explains to hosts Joe Mathieu and Carol Massar that consumers are also pushing back against record prices, but meaningful relief may take years as the herd rebuilds, while a planned resumption of some cattle imports from Mexico could provide limited near-term help. -------- Watch Bloomberg Radio LIVE on YouTube Weekdays 7am-6pm ET Saturday & Sunday 7am-10am ET WATCH HERE: http://bit.ly/3vTiACF Follow us on X: https://twitter.com/BloombergRadio Subscribe to our Podcasts: Bloomberg Daybreak: http://bit.ly/3DWYoAN Bloomberg Surveillance: http://bit.ly/3OPtReI Bloomberg Intelligence: http://bit.ly/3YrBfOi Balance of Power: http://bit.ly/3OO8eLC Bloomberg Businessweek: http://bit.ly/3IPl60i Listen on Apple CarPla
Tags: Carol Massar, Cattle, Ilena Peng, Joe Mathieu, Tyson Foods Inc., beef, cattle shortage, nebraska
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