Agriculture
fromRealagriculture
1 week agoBeef prices under review by the U.S. government | Market Day Report
A U.S. Department of Justice investigation into the beef industry highlights concerns about cattle pricing and market transparency.
American beef plants are under threat as the number of cattle destined for their facilities stays far below historical levels, reflecting the smallest herd in more than half a century. Cattle placed in feedlots, where animals are fed until ready to be slaughtered, are expected to have dropped in November to the lowest levels for the month since 2015, according to a Bloomberg survey of analysts.