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RISING BEEF PRICES

 U.S. ground-beef prices are up 76 percent since 2009 to the highest on record, after a seven-year decline in the herd left the fewest cattle in at least six decades, government data show. Meat costs are rising faster than any other food group, eroding profit margins at Hormel Foods and forcing Costco and Chipotle to raise prices, Bloomberg News reports.

 

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