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Monday, Aug 6
2012, 7:58 AM
Even before a widespread drought hit the U.S. this summer, the nation's cattle herd was...
Even before a widespread drought hit the U.S. this summer, the nation's cattle herd was shrinking to low levels and pushing prices up. Now prices look set for another run higher as Tyson (TSN) warns on periods of imbalance of fed cattle supply in 2013. While sellers such as SFD, HRL, SAFM, and PPC may get away with passing on higher prices to consumers, will restaurants chains such as McDonald's (MCD), Wendy's (WEN), and Chipotle (CMG) have to absorb the higher input costs?