Rough start in 2017 for the U.S. beef packers
by Umar Farooq Thanks to limiting animal supplies and halfhearted demand, companies including Tyson Foods Inc., the largest U.S. meat processor, and Cargill Inc. are facing plummeting profits per head of cattle they slaughter. That’s a severe setback of fortune from last year, when the fastest expansion of the American cattle herd in four … Read more