Owners of feedlots have a beef
Corn squeezin’
By Kimberly S. Johnson
The Denver Post
Every time Rose Brown goes to Safeway on East 20th Avenue in Denver, she peruses the beef section, but she doesn’t always buy.
“I come by to look at what they have on sale,” she said at the grocery store Tuesday. “I’m not too big on meat anyway. Every once in a while, I like to get some … but I can’t afford these high prices.”
Neither can feedlot owners. With near-record corn prices, U.S. feedlots are losing money on every animal they sell, discouraging production just as rising global incomes increase meat consumption and a declining dollar spurs exports.
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