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flag Beef prices hit a record high due to drought, low cattle supply, and trade restrictions, with a major plant closure in Nebraska.

flag Beef prices hit record highs in November, with ground beef averaging $6.78 per pound—15% above last year—due to a drought, high feed costs, and the smallest cattle herd in 75 years, tightening supplies. flag Import restrictions on Mexican beef and tariffs on Brazilian beef worsened shortages. flag A Tyson plant in Lexington, Nebraska, will close, cutting about 3,200 jobs—nearly a third of the town’s population. flag President Trump reduced some tariffs on Argentine beef, acknowledging past trade policies raised consumer costs, but no immediate price relief is expected.

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