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Beef Demand Jumps Five Percent Despite continued attention on foreign animal diseases and increasing pressure on the U.S. economy, consumer beef demand increased five percentage points the second quarter of 2001, as compared to 2000. Beef demand has now increased for 10 of the past 12 quarters, according to Hammond. Prior to the increase, demand had been on the decline for nearly two decades. According to Cattle-Fax, the increase in demand has added $100 per head to the price of fed cattle, and $16-18/cwt to the price of a 500 pound steer. |
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