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Meat prices are currently 7.5% higher than this time last year. The country's cattle inventory is shrinking and has been for a while. In its third straight yearly drop, the latest cattle report by ...
By 1885, the beef industry had collapsed because thousands of cattle in west Texas, held off the market for better prices, were either dead or starving on barren plains. Separately, the Atlantic & Pacific Railroad was having financial difficulties and sold 1,000,000 acres of Arizona grassland to Aztec at $0.50 per acre.
The USDA reports that beef production in 2024 is forecast to be about 3% lower than in 2023, and last year also marked the fifth straight year of a decrease in available beef cows.
Grocery Outlet purchased 16 Yes!Less grocery stores in Texas and another in Shreveport, Louisiana, from Dallas, Texas-based Fleming Cos. in January 2003. [17] All 17 stores were closed by May 2004. [18] The company promoted MacGregor Read and Eric Lindberg to co-CEO in 2006.
According to the National Restaurant Association, beef prices have risen almost 20% since August 2007 and are poised to go up another 5% to 8% over the next year. Part of this inflation is due ...
Iowa Beef Processors, Inc., later became IBP, Inc. Occidental Petroleum owned IBP from 1981 to 1987, and was the majority owner from 1987 to 1991. [2] [3] [a] IBP was acquired by Tyson Foods in 2001 for US$3.2 billion in cash and stock. [8] Tyson continues to use the IBP name as a brand for its commodity beef and pork products. [9]