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Americans Pay Up for Pricey Steaks Even as Cattle Abound

  • Meatpackers rake in profits amid ample cattle, pricey beef
  • Plentiful cattle supplies to persist into 2022: Tyson Foods
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What's Behind the Surge in Food Costs?
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It turns out a pandemic can do wonders for the economics of beef, and meat companies like Tyson Foods Inc. are reaping the benefits.

Currently, there’s plenty of cattle in the U.S. Last year Covid-19 caused meat plants to shut down, and farmers had nowhere to send animals. Ranchers simply left their herds to graze on pasture and multiply.