American Beef Boom Is Probably Over, Squeezing Tyson Foods
- After falling most of 2016, cattle rose 23% since mid-October
- Beef has a ‘rough start’ in 2017 as wholesale prices drop
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The U.S. beef boom is probably over.
Thanks to tightening animal supplies and tepid demand, companies including Tyson Foods Inc., the largest U.S. meat processor, and Cargill Inc. are facing plunging profits on every head of cattle they slaughter.