U.S. Agriculture Secretary Sonny Perdue ordered an investigation into widening p...
CHICAGO - U.S. Agriculture Secretary Sonny Perdue ordered an investigation into widening prices between cattle and beef on Wednesday after a recent fire at a Tyson Foods Inc slaughterhouse in Holcomb, Kansas, shut the plant.
At the same time, beef prices climbed as buyers for restaurants, food service companies and grocery chains scrambled for meat. But the USDA’s investigation “demonstrates the government’s understanding of the extreme strain placed on the cattle industry by the plant fire,” said Jennifer Houston, president of the National Cattlemen’s Beef Association.
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