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U.S. beef prices hit record high as cattle herd shrinks

Roza Kazan

North America;United States of America

Retail beef prices in the U.S. soared to an all-time high in July – up more than 10% from a year ago, and well above the August inflation rate of 2.7%. But consumers are still willing to pay. CGTN’s Roza Kazan takes a look at what’s behind the surge.

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