NEWS
Falling Yen Weighs on Beef
Richard Smith DTN Tokyo Correspondent
Fri Mar 15, 2013 03:39 PM CDT

TOKYO (DTN) -- That last month and a half should have been bright for U.S. and Canadian meat exporters after Japan hiked its anti-BSE beef age limit Feb. 1 to 30 months from the previous 20 months.

But the fall of the yen, going from 82 to the dollar in early December to 96 early this week, throws a shadow on expectations of greater sales opportunities.

A significant part of the food service and retail industries that could not purchase U.S. beef will now have the opportunity to do so, which will increase availability to the consumer, said Greg Hanes, ...

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