NEWS
Wed Aug 14, 2013 08:13 AM CDT

SCOTT CITY, Kan. (Dow Jones) --David Duff, a cattleman nearly all his life, is selling the last of his steers and heifers this summer, a casualty of a drought that has extended into a third year in Kansas, Texas and other major cattle-producing states.

Duff and other feedlot operators, who fatten cattle for slaughter, have been squeezed by rising prices for young cattle and high feed costs that have outstripped prices paid to them by meatpackers. U.S. beef consumption last year was 15% lower per person than 10 years earlier, as declining production and growing international demand have pushed up ...

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