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With the Cattle Industry Struggling, the Question Is, 'Where's the Beef?'; Beef prices are likely to increase as rising food and fuel prices threaten many cattle ranches.

Byline: Kent Garber

The American beef industry is in trouble. Though the financial strain of rising fuel and food prices (http://www.usnews.com/articles/news/2008/03/07/the-growing-food-cost-crisis.html)is being widely felt across the U.S. economy, the livestock industry, which consumes about 5 billion bushels of corn annually, is suffering more than most.

Feedlot operators, who fatten their animals on corn before sending them to a slaughterhouse, are losing $150 a head with corn prices near record levels because of demand for corn-based ethanol (http://www.usnews.com/articles/news/national/2008/06/18/midwest-floods-ruin-crops.html). In Texas, the country's largest ...

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