Cattle Prices May Rise as Breeding Cows Face Cull

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Sept. 20 (Bloomberg) -- Texas cattle ranchers, the biggest suppliers in the world’s top beef-producing nation, will cull the most breeding cows ever this year as drought increases feed costs, driving livestock prices to a record. Ranchers may sell or slaughter 500,000 beef cows they would normally keep for breeding because it’s too expensive to feed them, Texas A&M University estimated. Cali Carlin reports on Bloomberg Television's "InBusiness With Margaret Brennan." (Source: Bloomberg)

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