Severe Drought Major Factor In Steep Rise In Beef Prices
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Cuts of beef are displayed at Marina Meats on January 31, 2012 in San Francisco, California. Severe drought is a contributing factor in the declining cattle count, which has sent wholesale beef prices up 6.4 percent in the past 12 months. The price for a pound of beef (0.454 kg) peaked in price at $1.98 a pound on November 23, the highest price since 2004. (Photo by Justin Sullivan/Getty Images)
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