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Meat prices to increase 5-7% next year
Holy cow! The average American eats almost 200 pounds of meat every year, and one cow eats around 50 times that in corn, hay, and grass. Unfortunately for the cows, this summer one of the worst droughts in the decade scorched the Midwestern United States. Crop yields are dangerously low, which means farmers are spending more to feed their livestock. That means that next year, your steak burger's price is going to increase by 5-7%.
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