Cattle prices drop but meat prices continue to increase

  • Provided Cattle prices in the United States have been dropping but the cost of meat continues to rise. Local farmer Lawrence Sawatzky said the problem has to do with a lack of small, local meat processing companies in the marketplace.
Local farmer Lawrence Sawatzky said cattle farmers are facing a drop in prices while meat prices have increased for the consumer. As of Thursday, the market for feeder cattle opened at $130.275. This time last year, feeder cattle opened at $141.125. Despite cattle prices going down, the price of beef in store has gone up. Currently, ground beef in Weatherford is selling anywhere from $5.78 to …

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